Sidus Space (NASDAQ:SIDU) Stock Price Up 9.2% – Should You Buy?

Sidus Space, Inc. (NASDAQ:SIDU)’s stock price traded up 9.2% on Tuesday . The stock traded as high as $3.80 and last traded at $3.68. 24,976,683 shares changed hands during trading, a decline of 64% from the average session volume of 68,738,617 shares. The stock had previously closed at $3.37.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Sidus Space in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Sidus Space from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sidus Space has an average rating of “Sell”.

Sidus Space Stock Up 9.2%

The company has a market capitalization of $129.71 million, a price-to-earnings ratio of -2.85 and a beta of -1.64. The stock’s 50-day simple moving average is $1.86 and its two-hundred day simple moving average is $1.49.

Sidus Space (NASDAQ:SIDU) last released its earnings results on Friday, November 14th. The company reported ($0.24) EPS for the quarter. Sidus Space had a negative return on equity of 116.44% and a negative net margin of 655.33%.The company had revenue of $1.30 million for the quarter.

Institutional Trading of Sidus Space

A number of institutional investors have recently made changes to their positions in SIDU. Jane Street Group LLC purchased a new position in Sidus Space in the 2nd quarter valued at $95,000. SG Americas Securities LLC purchased a new position in shares of Sidus Space in the fourth quarter worth about $118,000. XTX Topco Ltd purchased a new position in shares of Sidus Space in the second quarter worth about $168,000. Thompson Davis & CO. Inc. acquired a new position in Sidus Space during the fourth quarter worth about $194,000. Finally, Geode Capital Management LLC raised its holdings in Sidus Space by 28.1% in the 2nd quarter. Geode Capital Management LLC now owns 120,799 shares of the company’s stock valued at $209,000 after acquiring an additional 26,498 shares during the last quarter. 17.91% of the stock is owned by institutional investors and hedge funds.

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.