Sidus Space (NASDAQ:SIDU) Announces Quarterly Earnings Results

Sidus Space (NASDAQ:SIDU) announced its quarterly earnings results on Thursday. The company reported ($0.06) earnings per share (EPS) for the quarter, Zacks reports. Sidus Space had a negative net margin of 806.85% and a negative return on equity of 72.52%.

Sidus Space Price Performance

Shares of NASDAQ:SIDU opened at $2.54 on Friday. The business’s fifty day moving average price is $2.57 and its two-hundred day moving average price is $2.96. Sidus Space has a fifty-two week low of $0.63 and a fifty-two week high of $6.79. The stock has a market capitalization of $168.96 million, a price-to-earnings ratio of -2.70 and a beta of -0.85.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can grew its holdings in shares of Sidus Space by 30.0% in the 4th quarter. Bank of Montreal Can now owns 45,500 shares of the company’s stock worth $143,000 after purchasing an additional 10,500 shares during the last quarter. Resurgent Financial Advisors LLC bought a new position in Sidus Space during the 4th quarter valued at about $38,000. OMERS ADMINISTRATION Corp acquired a new position in Sidus Space in the fourth quarter valued at about $40,000. Goldman Sachs Group Inc. boosted its position in Sidus Space by 46.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 54,029 shares of the company’s stock valued at $170,000 after buying an additional 17,189 shares in the last quarter. Finally, Quadrature Capital Ltd grew its stake in Sidus Space by 69.6% during the fourth quarter. Quadrature Capital Ltd now owns 48,036 shares of the company’s stock worth $151,000 after buying an additional 19,711 shares during the last quarter. 17.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SIDU. Wall Street Zen upgraded shares of Sidus Space from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings raised shares of Sidus Space from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.