Sidus Space (NASDAQ:SIDU) Shares Down 5.4% – Here’s Why

Shares of Sidus Space, Inc. (NASDAQ:SIDU) were down 5.4% on Friday . The stock traded as low as $2.71 and last traded at $2.80. Approximately 13,110,316 shares were traded during trading, a decline of 75% from the average daily volume of 51,771,457 shares. The stock had previously closed at $2.96.

Analyst Upgrades and Downgrades

SIDU has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Sidus Space in a research note on Thursday, January 22nd. Wall Street Zen lowered 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.com, the company presently has an average rating of “Sell”.

Sidus Space Trading Down 5.4%

The business has a fifty day simple moving average of $2.34 and a two-hundred day simple moving average of $1.60. The company has a market cap of $98.70 million, a PE ratio of -2.17 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 business had revenue of $1.30 million for the quarter. Sidus Space had a negative return on equity of 116.44% and a negative net margin of 655.33%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in shares of Sidus Space by 28.1% during 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 last quarter. XTX Topco Ltd purchased a new position in Sidus Space during the second quarter worth approximately $168,000. Jane Street Group LLC acquired a new position in Sidus Space during the second quarter worth $95,000. SG Americas Securities LLC purchased a new stake in Sidus Space in the 4th quarter valued at $118,000. Finally, Thompson Davis & CO. Inc. acquired a new stake in shares of Sidus Space in the 4th quarter worth $194,000. 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.