Sidus Space Sees Unusually Large Options Volume (NASDAQ:SIDU)

Sidus Space, Inc. (NASDAQ:SIDU) was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 17,528 call options on the stock. This represents an increase of 91% compared to the average volume of 9,167 call options.

Analyst Ratings Changes

SIDU has been the topic of a number of research analyst reports. Weiss Ratings lowered Sidus Space from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 19th. Wall Street Zen upgraded shares of Sidus Space from a “sell” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Sidus Space Price Performance

Shares of NASDAQ SIDU traded down $0.42 during midday trading on Wednesday, hitting $5.78. 39,860,649 shares of the company’s stock were exchanged, compared to its average volume of 24,573,297. The firm’s fifty day simple moving average is $3.53 and its 200-day simple moving average is $2.60. The company has a market cap of $384.42 million, a PE ratio of -6.07 and a beta of -1.16. Sidus Space has a twelve month low of $0.63 and a twelve month high of $6.79.

Sidus Space (NASDAQ:SIDU) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.08) EPS for the quarter. Sidus Space had a negative net margin of 806.85% and a negative return on equity of 72.52%. The company had revenue of $0.36 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. HRT Financial LP acquired a new stake in Sidus Space during the 4th quarter worth $4,283,000. Jane Street Group LLC grew its holdings in shares of Sidus Space by 2,970.3% during the fourth quarter. Jane Street Group LLC now owns 743,409 shares of the company’s stock worth $2,334,000 after purchasing an additional 719,196 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Sidus Space during the fourth quarter worth about $1,555,000. Sassicaia Capital Advisers LLC acquired a new stake in shares of Sidus Space during the fourth quarter worth about $633,000. Finally, AlphaCentric Advisors LLC acquired a new stake in shares of Sidus Space during the first quarter worth about $464,000. 17.91% of the stock is owned by hedge funds and other institutional investors.

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.