Sidus Space (NASDAQ:SIDU) Shares Down 7.2% – Here’s What Happened

Shares of Sidus Space, Inc. (NASDAQ:SIDU) were down 7.2% during trading on Wednesday . The company traded as low as $3.25 and last traded at $3.36. Approximately 23,389,305 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 55,536,555 shares. The stock had previously closed at $3.62.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SIDU shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Sidus Space in a report on Thursday, January 22nd. Wall Street Zen downgraded shares of Sidus Space from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. One research 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 Stock Down 7.2%

The firm’s 50 day moving average is $2.20 and its two-hundred day moving average is $1.57. The company has a market cap of $118.44 million, a P/E ratio of -2.60 and a beta of -1.64.

Sidus Space (NASDAQ:SIDU) last announced its quarterly earnings data 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 Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Thompson Davis & CO. Inc. purchased a new stake in shares of Sidus Space during the fourth quarter worth $194,000. SG Americas Securities LLC purchased a new position in shares of Sidus Space in the 4th quarter worth about $118,000. Jane Street Group LLC bought a new position in shares of Sidus Space during the 2nd quarter valued at about $95,000. XTX Topco Ltd bought a new position in Sidus Space during the second quarter valued at approximately $168,000. Finally, Geode Capital Management LLC raised its position 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 purchasing an additional 26,498 shares during the period. Hedge funds and other institutional investors own 17.91% of the company’s stock.

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.