Sidus Space (NASDAQ:SIDU) Trading Down 4.6% – Time to Sell?

Sidus Space, Inc. (NASDAQ:SIDU) shares traded down 4.6% during mid-day trading on Wednesday . The stock traded as low as $2.45 and last traded at $2.48. 7,711,954 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 6,384,882 shares. The stock had previously closed at $2.60.

Wall Street Analyst Weigh In

SIDU has been the subject of several recent analyst reports. Wall Street Zen raised shares of Sidus Space from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings upgraded shares of Sidus Space from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Sidus Space Trading Down 4.6%

The company has a market cap of $164.97 million, a price-to-earnings ratio of -2.64 and a beta of -0.85. The firm has a 50-day moving average price of $2.62 and a 200 day moving average price of $2.98.

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

Institutional Trading of Sidus Space

Institutional investors have recently added to or reduced their stakes in the business. DNB Asset Management AS acquired a new stake in shares of Sidus Space during the fourth quarter worth $442,000. Western Wealth Management LLC acquired a new position in shares of Sidus Space in the 4th quarter valued at about $157,000. Ground Swell Capital LLC bought a new stake in shares of Sidus Space during the 4th quarter valued at about $33,000. SG Americas Securities LLC bought a new stake in shares of Sidus Space during the 4th quarter valued at about $118,000. Finally, Dynamic Advisor Solutions LLC acquired a new stake in Sidus Space during the second quarter worth about $74,000. Institutional investors 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.