Sidus Space (NASDAQ:SIDU) Trading Down 8.8% - What's Next?

Key Points

• Shares of Sidus Space fell 8.8% to $3.11 in mid-day trading with about 31.7 million shares changing hands, roughly 62% below its average daily volume.
• Analyst sentiment is negative — the stock carries an average rating of "Sell" after recent downgrades and reaffirmed sell calls from firms like Wall Street Zen and Weiss Ratings.
• Fundamentals show the company is unprofitable: it reported ($0.24) EPS, just $1.3 million in quarterly revenue, a negative return on equity of 116.44% and a net margin of -655.33%, with a market cap near $110 million.

Sidus Space, Inc. (NASDAQ:SIDU - Get Free Report)'s share price dropped 8.8% during mid-day trading on Tuesday . The company traded as low as $3.11 and last traded at $3.11. Approximately 31,693,901 shares traded hands during trading, a decline of 62% from the average daily volume of 82,986,813 shares. The stock had previously closed at $3.41.

Wall Street Analysts Forecast Growth

SIDU has been the subject of several research reports. Wall Street Zen downgraded shares of Sidus Space from a "hold" rating to a "sell" rating in a research note on Saturday, November 22nd. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Sidus Space in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Sidus Space has an average rating of "Sell".

Sidus Space Stock Performance

The firm's 50 day simple moving average is $1.61 and its 200 day simple moving average is $1.42. The firm has a market capitalization of $109.63 million, a price-to-earnings ratio of -2.41 and a beta of -1.64.

Sidus Space (NASDAQ:SIDU - Get Free Report) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.24) earnings per share for the quarter. The business 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%.

Hedge Funds Weigh In On Sidus Space

Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in shares of Sidus Space in the second quarter worth about $95,000. Thompson Davis & CO. Inc. acquired a new position in Sidus Space in the fourth quarter valued at approximately $194,000. SG Americas Securities LLC purchased a new stake in Sidus Space in the 4th quarter worth approximately $118,000. XTX Topco Ltd purchased a new stake in Sidus Space in the 2nd quarter worth approximately $168,000. Finally, Geode Capital Management LLC grew its stake in shares of Sidus Space by 28.1% during the 2nd quarter. Geode Capital Management LLC now owns 120,799 shares of the company's stock worth $209,000 after purchasing an additional 26,498 shares during the period. Institutional investors and hedge funds 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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