Sidus Space (NASDAQ:SIDU) Stock Falls 5.1% – Should You Sell?

Sidus Space, Inc. (NASDAQ:SIDU) shares traded down 5.1% during trading on Tuesday. The company traded as low as $1.09 and last traded at $1.11. Approximately 3,079,175 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 4,114,063 shares. The stock had previously closed at $1.17.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SIDU shares. Weiss Ratings downgraded Sidus Space from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, October 15th. Wall Street Zen downgraded shares of Sidus Space from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Sidus Space Price Performance

The firm has a market capitalization of $113.37 million, a P/E ratio of -1.62 and a beta of -0.79. The stock’s fifty day simple moving average is $1.94 and its 200 day simple moving average is $2.82.

Sidus Space (NASDAQ:SIDU) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $0.58 million during the quarter. Sidus Space had a negative return on equity of 30.71% and a negative net margin of 970.56%.

Institutional Investors Weigh In On Sidus Space

Large investors have recently modified their holdings of the business. NewEdge Advisors LLC purchased a new position in shares of Sidus Space in the 2nd quarter valued at approximately $145,000. Trivium Point Advisory LLC purchased a new stake in Sidus Space during the 2nd quarter worth approximately $42,000. Dynamic Advisor Solutions LLC purchased a new stake in Sidus Space during the 2nd quarter worth approximately $74,000. Bank of America Corp DE increased its stake in Sidus Space by 24,142.9% during the 1st quarter. Bank of America Corp DE now owns 76,850 shares of the company’s stock valued at $178,000 after purchasing an additional 76,533 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp increased its stake in Sidus Space by 136.2% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 30,000 shares of the company’s stock valued at $70,000 after purchasing an additional 17,300 shares in the last quarter. Hedge funds and other institutional investors own 17.91% of the company’s stock.

About Sidus Space

Sidus Space, Inc is a space-as-a-service company that develops and operates satellite systems, spacecraft components and related space infrastructure. The company provides end-to-end services spanning satellite design and manufacturing, payload integration, launch coordination, in-orbit operations and data services for commercial, government and defense customers.

Sidus Space’s product portfolio includes its LizzieSat satellite platform and related satellite buses, which are designed to support hosted payloads, technology demonstrations, remote sensing and other missions.