Sidus Space Target of Unusually High Options Trading (NASDAQ:SIDU)

Key Points

• Sidus Space experienced unusually large options activity as traders bought 21,765 call options — roughly a 571% increase versus the typical volume of 3,245 calls.
• Shares jumped $0.94 to $3.04 on massively above-average trading volume (58,037,627 vs. average 22,295,664), with a market cap around $202.5M and a 12‑month range of $0.63–$5.39.
• Analyst and fundamental backdrop remains weak: the consensus rating is Sell (Weiss Ratings reaffirmed Sell; Wall Street Zen moved to Hold), and the company reported a quarterly EPS of ($0.31) with negative margins and $0.59M in revenue.

Sidus Space, Inc. (NASDAQ:SIDU - Get Free Report) was the recipient of unusually large options trading on Thursday. Traders acquired 21,765 call options on the stock. This represents an increase of approximately 571% compared to the typical volume of 3,245 call options.

Wall Street Analyst Weigh In

SIDU has been the subject of several recent analyst reports. Weiss Ratings restated a "sell (e+)" rating on shares of Sidus Space in a research report on Thursday, January 22nd. Wall Street Zen raised Sidus Space from a "sell" rating to a "hold" rating in a report on Saturday, February 7th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Sidus Space presently has an average rating of "Sell".

Sidus Space Stock Performance

NASDAQ SIDU traded up $0.94 during trading on Thursday, reaching $3.04. The company's stock had a trading volume of 58,037,627 shares, compared to its average volume of 22,295,664. Sidus Space has a twelve month low of $0.63 and a twelve month high of $5.39. The firm has a market cap of $202.49 million, a price-to-earnings ratio of -2.37 and a beta of -1.63. The business's fifty day moving average price is $2.40 and its 200-day moving average price is $1.86.

Sidus Space (NASDAQ:SIDU - Get Free Report) last posted its quarterly earnings data on Wednesday, April 1st. The company reported ($0.31) earnings per share for the quarter. Sidus Space had a negative return on equity of 116.44% and a negative net margin of 655.33%.The company had revenue of $0.59 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ground Swell Capital LLC purchased a new position in shares of Sidus Space in the 4th quarter valued at about $33,000. Bank of Montreal Can increased its position in shares of Sidus Space by 30.0% in the fourth quarter. Bank of Montreal Can now owns 45,500 shares of the company's stock valued at $143,000 after buying an additional 10,500 shares in the last quarter. Resurgent Financial Advisors LLC acquired a new position in shares of Sidus Space during the 4th quarter worth $38,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Sidus Space during the 4th quarter worth $40,000. Finally, T3 Companies LLC purchased a new stake in shares of Sidus Space in the 4th quarter worth about $53,000. Institutional investors and hedge funds 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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