Sidus Space (NASDAQ:SIDU) Trading Up 15.5% - Here's Why

Key Points

• Shares jumped 15.5% intraday to $4.31 (high $4.40) on Friday, with about 44.7 million shares traded—below the average session volume of ~62.0 million.
• Fundamentals remain weak: the company reported ($0.24) EPS, a negative net margin of 655.33% and negative ROE of 116.44%, with just $1.3 million in quarterly revenue and a market cap of roughly $152 million.
• Analyst sentiment is negative—Weiss Ratings and Wall Street Zen have issued sell calls, and the stock’s MarketBeat average rating is "Sell".

Sidus Space, Inc. (NASDAQ:SIDU - Get Free Report) traded up 15.5% during mid-day trading on Friday . The stock traded as high as $4.40 and last traded at $4.31. 44,668,207 shares were traded during mid-day trading, a decline of 28% from the average session volume of 62,016,406 shares. The stock had previously closed at $3.73.

Analyst Upgrades and Downgrades

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

Sidus Space Stock Performance

The business's fifty day simple moving average is $2.02 and its 200 day simple moving average is $1.53. The stock has a market cap of $151.91 million, a price-to-earnings ratio of -3.34 and a beta of -1.64.

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

Institutional Investors Weigh In On Sidus Space

Hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in shares of Sidus Space in the 2nd quarter valued at approximately $168,000. Thompson Davis & CO. Inc. acquired a new stake in shares of Sidus Space during the fourth quarter worth approximately $194,000. Jane Street Group LLC bought a new stake in shares of Sidus Space in the second quarter worth $95,000. SG Americas Securities LLC acquired a new stake in Sidus Space in the fourth quarter valued at $118,000. Finally, Geode Capital Management LLC raised 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 valued at $209,000 after acquiring an additional 26,498 shares in the last quarter. 17.91% of the stock is currently owned by hedge funds and other institutional investors.

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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