Sidus Space (NASDAQ:SIDU) Trading Up 10.7% – Time to Buy?

Shares of Sidus Space, Inc. (NASDAQ:SIDU) traded up 10.7% on Thursday . The company traded as high as $4.14 and last traded at $3.73. 32,329,116 shares were traded during mid-day trading, a decline of 49% from the average session volume of 63,204,656 shares. The stock had previously closed at $3.37.

Analysts Set New Price Targets

SIDU has been the topic of several recent research reports. Wall Street Zen lowered shares of Sidus Space from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sidus Space in a report on Thursday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Sidus Space Stock Up 15.5%

The firm has a market cap of $151.93 million, a price-to-earnings ratio of -3.34 and a beta of -1.64. The business has a 50 day moving average of $2.09 and a 200 day moving average of $1.55.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in shares of Sidus Space during the second quarter worth $95,000. SG Americas Securities LLC acquired a new position in Sidus Space in the fourth quarter valued at $118,000. XTX Topco Ltd purchased a new position in Sidus Space during the second quarter worth about $168,000. Thompson Davis & CO. Inc. acquired a new stake in Sidus Space in the 4th quarter worth about $194,000. Finally, Geode Capital Management LLC boosted its stake in Sidus Space by 28.1% in the 2nd quarter. Geode Capital Management LLC now owns 120,799 shares of the company’s stock worth $209,000 after buying an additional 26,498 shares during the last quarter. 17.91% of the stock is currently owned by institutional investors and hedge funds.

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.