Sidus Space (NASDAQ:SIDU) Trading Down 8.5% - What's Next?

Key Points

• Sidus Space shares fell 8.5% Monday, trading as low as $3.86 and last at $3.96 on about 125.6 million shares, down from a $4.33 close and modestly below average volume.
• Analysts hold a consensus "Sell" rating after recent downgrades from firms including Weiss Ratings and Wall Street Zen.
• The company reported a ($0.24) EPS loss on $1.3M in revenue with a negative ROE of 116.44% and a net margin of -655.33%, signaling weak fundamentals despite some institutional buying (institutions own ~17.9% of shares).

Sidus Space, Inc. (NASDAQ:SIDU - Get Free Report) shares dropped 8.5% on Monday . The company traded as low as $3.86 and last traded at $3.96. Approximately 125,553,673 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 136,060,391 shares. The stock had previously closed at $4.33.

Wall Street Analysts Forecast Growth

SIDU has been the topic of a number of analyst reports. Weiss Ratings reiterated a "sell (e+)" rating on shares of Sidus Space in a research report on Wednesday, October 8th. Wall Street Zen cut Sidus Space from a "hold" rating to a "sell" rating in a research note on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sidus Space currently has a consensus rating of "Sell".

Sidus Space Trading Down 8.5%

The company has a 50-day simple moving average of $1.24 and a two-hundred day simple moving average of $1.31.

Sidus Space (NASDAQ:SIDU - Get Free Report) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.24) earnings per share for the quarter. The firm had revenue of $1.30 million during the quarter. Sidus Space had a negative return on equity of 116.44% and a negative net margin of 655.33%.

Institutional Investors Weigh In On Sidus Space

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in shares of Sidus Space during the second quarter valued at approximately $95,000. XTX Topco Ltd purchased a new position in Sidus Space during the second quarter valued at $168,000. Finally, Geode Capital Management LLC boosted its holdings in Sidus Space by 28.1% in the second quarter. Geode Capital Management LLC now owns 120,799 shares of the company's stock worth $209,000 after acquiring an additional 26,498 shares in the last quarter. Hedge funds and other institutional investors own 17.91% of the company's stock.

About Sidus Space

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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