Sidus Space (NASDAQ:SIDU) Trading Down 11.9% – Here’s What Happened

Sidus Space, Inc. (NASDAQ:SIDU) fell 11.9% during trading on Thursday . The stock traded as low as $2.91 and last traded at $2.96. 21,435,037 shares were traded during trading, a decline of 60% from the average session volume of 53,779,309 shares. The stock had previously closed at $3.36.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SIDU. Wall Street Zen cut shares of Sidus Space from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sidus Space in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Sidus Space Stock Performance

The company has a 50-day moving average of $2.26 and a 200-day moving average of $1.58. The stock has a market capitalization of $104.33 million, a price-to-earnings ratio of -2.29 and a beta of -1.64.

Sidus Space (NASDAQ:SIDU) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.24) earnings per share 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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SIDU. XTX Topco Ltd purchased a new stake in shares of Sidus Space during the second quarter worth about $168,000. Thompson Davis & CO. Inc. purchased a new position in shares of Sidus Space during the fourth quarter valued at approximately $194,000. Jane Street Group LLC acquired a new stake in Sidus Space during the second quarter worth approximately $95,000. SG Americas Securities LLC purchased a new stake in Sidus Space in the 4th quarter worth approximately $118,000. Finally, Geode Capital Management LLC raised its holdings in 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 currently owned by hedge funds and other institutional investors.

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.