Sidus Space (NASDAQ:SIDU) Trading Down 6.2% – Here’s What Happened
by Renee Jackson · The Cerbat GemSidus Space, Inc. (NASDAQ:SIDU – Get Free Report) dropped 6.2% during trading on Wednesday . The company traded as low as $4.44 and last traded at $4.6350. Approximately 87,064,377 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 122,355,047 shares. The stock had previously closed at $4.94.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Sidus Space in a research report on Wednesday, October 8th. Wall Street Zen lowered Sidus Space from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sidus Space has an average rating of “Sell”.
View Our Latest Stock Report on Sidus Space
Sidus Space Price Performance
The business has a 50-day moving average of $1.37 and a two-hundred day moving average of $1.36. The company has a market cap of $163.38 million, a P/E ratio of -3.59 and a beta of -1.64.
Sidus Space (NASDAQ:SIDU – Get Free Report) last released its quarterly 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 for the quarter.
Hedge Funds Weigh In On Sidus Space
Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted 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 valued at $209,000 after purchasing an additional 26,498 shares during the last quarter. Jane Street Group LLC purchased a new stake in Sidus Space in the second quarter valued at about $95,000. Finally, XTX Topco Ltd acquired a new stake in Sidus Space in the second quarter worth about $168,000. 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.