Sidus Space (NASDAQ:SIDU) Trading Up 20.6% – Still a Buy?

Sidus Space, Inc. (NASDAQ:SIDU) was up 20.6% during trading on Wednesday . The company traded as high as $3.87 and last traded at $3.75. Approximately 53,661,073 shares traded hands during trading, a decline of 33% from the average daily volume of 79,758,641 shares. The stock had previously closed at $3.11.

Analyst Ratings Changes

SIDU has been the subject of several research analyst reports. Wall Street Zen downgraded 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 Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sidus Space has a consensus rating of “Sell”.

Sidus Space Trading Up 20.6%

The stock has a market cap of $132.18 million, a price-to-earnings ratio of -2.91 and a beta of -1.64. The firm has a fifty day simple moving average of $1.65 and a 200-day simple moving average of $1.44.

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 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

A number of large investors have recently added to or reduced their stakes in the business. Thompson Davis & CO. Inc. bought a new position in shares of Sidus Space in the 4th quarter valued at about $194,000. SG Americas Securities LLC bought a new stake in shares of Sidus Space during the fourth quarter worth approximately $118,000. Jane Street Group LLC acquired a new position in Sidus Space in the second quarter valued at approximately $95,000. XTX Topco Ltd bought a new position in Sidus Space in the second quarter valued at approximately $168,000. Finally, Geode Capital Management LLC boosted its stake in Sidus Space by 28.1% in the second 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 currently 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.