Sidus Space (NASDAQ:SIDU) Releases Earnings Results

Sidus Space (NASDAQ:SIDU) issued its quarterly earnings results on Friday. The company reported ($0.08) EPS for the quarter, Zacks reports. The business 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 83.35%.

Sidus Space Stock Up 9.6%

Shares of Sidus Space stock traded up $0.35 during trading on Friday, hitting $4.01. The stock had a trading volume of 35,369,394 shares, compared to its average volume of 20,196,012. Sidus Space has a 1 year low of $0.63 and a 1 year high of $5.99. The stock has a 50 day simple moving average of $3.17 and a 200 day simple moving average of $2.42. The company has a market capitalization of $266.75 million, a PE ratio of -4.27 and a beta of -1.16.

Hedge Funds Weigh In On Sidus Space

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Resurgent Financial Advisors LLC acquired a new stake in Sidus Space during the 4th quarter valued at $38,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Sidus Space in the fourth quarter valued at $40,000. Mariner LLC purchased a new stake in shares of Sidus Space in the fourth quarter valued at $69,000. LPL Financial LLC purchased a new stake in shares of Sidus Space in the fourth quarter valued at $81,000. Finally, Jane Street Group LLC purchased a new stake in shares of Sidus Space in the second quarter valued at $95,000. Institutional investors and hedge funds own 17.91% of the company’s stock.

Analyst Upgrades and Downgrades

SIDU has been the subject of several research reports. Wall Street Zen cut Sidus Space from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings raised Sidus Space from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Sidus Space has a consensus rating of “Sell”.

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.