Sidus Space (NASDAQ:SIDU) Trading Down 8.4% - Should You Sell?

Key Points

• The stock fell 8.4% to $3.71 on Thursday, trading about 17.3 million shares—roughly 45% below its average daily volume of 31.6 million after a prior close of $4.05.
• Analyst sentiment remains negative with a MarketBeat consensus rating of "Sell", though Wall Street Zen recently upgraded the name to a Hold while Weiss Ratings reaffirmed a sell.
• Sidus Space is an end‑to‑end space‑as‑a‑service company with a market cap of about $246.8 million, a negative P/E (-3.07), and 50‑/200‑day moving averages ($2.83 and $2.21) that are below the current share price.

Sidus Space, Inc. (NASDAQ:SIDU - Get Free Report) was down 8.4% during trading on Thursday . The company traded as low as $3.60 and last traded at $3.71. Approximately 17,295,879 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 31,597,558 shares. The stock had previously closed at $4.05.

Analyst Ratings Changes

A number of equities research analysts recently commented on SIDU shares. Wall Street Zen raised Sidus Space from a "sell" rating to a "hold" rating in a research report on Saturday, February 7th. Weiss Ratings reissued a "sell (e+)" rating on shares of Sidus Space in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of "Sell".

Sidus Space Stock Performance

The stock has a market cap of $246.79 million, a P/E ratio of -3.07 and a beta of -1.63. The business has a 50 day simple moving average of $2.83 and a 200-day simple moving average of $2.21.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SIDU. Geode Capital Management LLC grew its stake in Sidus Space by 28.1% in the 2nd quarter. Geode Capital Management LLC now owns 120,799 shares of the company's stock valued at $209,000 after purchasing an additional 26,498 shares during the period. XTX Topco Ltd bought a new position in Sidus Space in the 2nd quarter valued at $168,000. Jane Street Group LLC bought a new position in Sidus Space in the 2nd quarter valued at $95,000. SG Americas Securities LLC bought a new position in Sidus Space in the 4th quarter valued at $118,000. Finally, Thompson Davis & CO. Inc. bought a new position in Sidus Space in the 4th quarter valued at $194,000. Institutional investors own 17.91% of the company's stock.

Sidus Space Company Profile

Sidus Space Inc NASDAQ: SIDU is an end-to-end space-as-a-service company headquartered in Houston, Texas. The firm provides mission design, spacecraft manufacturing, ground segment infrastructure and mission operations through a turnkey approach tailored to commercial and government customers. Sidus leverages its integrated supply chain to support client missions from concept development through data delivery.

The company’s product offerings include small satellite buses, flight computers, payload integration services and proprietary ground control software, supplemented by cloud-based data processing and analytics tools.

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