Sidus Space (NASDAQ:SIDU) Trading 10.7% Higher – Still a Buy?

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

Wall Street Analyst Weigh In

SIDU has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Sidus Space from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Sidus Space in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Sidus Space presently has a consensus rating of “Sell”.

Sidus Space Trading Up 10.7%

The stock’s fifty day simple moving average is $1.96 and its 200-day simple moving average is $1.51. The company has a market capitalization of $131.48 million, a price-to-earnings ratio of -2.89 and a beta of -1.64.

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. The company had revenue of $1.30 million during the quarter. Sidus Space had a negative net margin of 655.33% and a negative return on equity of 116.44%.

Institutional Investors Weigh In On Sidus Space

A number of large investors have recently modified their holdings of SIDU. Thompson Davis & CO. Inc. purchased a new stake in shares of Sidus Space during the 4th quarter worth $194,000. SG Americas Securities LLC purchased a new stake in Sidus Space during the 4th quarter worth about $118,000. Jane Street Group LLC purchased a new stake in Sidus Space during the 2nd quarter worth about $95,000. XTX Topco Ltd acquired a new position in shares of Sidus Space during the 2nd quarter worth about $168,000. Finally, Geode Capital Management LLC increased its holdings in shares of 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 hedge funds and other institutional investors.

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.