Sidus Space (NASDAQ:SIDU) Trading Up 10.7% - Here's Why

Key Points

• Shares of Sidus Space jumped 10.7% on Thursday, trading as high as $4.14 and last at $3.73, with about 32.3 million shares changing hands—roughly 49% below its average daily volume.
• Analyst sentiment and fundamentals are weak: the stock carries an average rating of "Sell", the company reported ($0.24) EPS on $1.3 million revenue and has markedly negative margins and return on equity.
• Institutional ownership stands at about 17.9%, and several funds (including Geode, SG Americas, Jane Street and XTX) have recently added or initiated positions.

Shares of Sidus Space, Inc. (NASDAQ:SIDU - Get Free Report) were up 10.7% on Thursday . The company traded as high as $4.14 and last traded at $3.73. Approximately 32,329,116 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 63,204,656 shares. The stock had previously closed at $3.37.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Sidus Space from a "hold" rating to a "sell" rating in a report on Saturday, November 22nd. Weiss Ratings restated a "sell (e+)" rating on shares of Sidus Space in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of "Sell".

Sidus Space Stock Performance

The firm's 50-day moving average price is $1.96 and its two-hundred day moving average price is $1.51. The stock has a market cap of $131.48 million, a price-to-earnings ratio of -2.89 and a beta of -1.64.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in Sidus Space by 28.1% in the second 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. SG Americas Securities LLC acquired a new stake in shares of Sidus Space during the 4th quarter worth about $118,000. Jane Street Group LLC acquired a new stake in shares of Sidus Space during the 2nd quarter worth about $95,000. Thompson Davis & CO. Inc. purchased a new stake in Sidus Space in the 4th quarter valued at about $194,000. Finally, XTX Topco Ltd acquired a new position in Sidus Space in the second quarter valued at about $168,000. 17.91% of the stock is currently owned by institutional investors and hedge funds.

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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