Sidus Space (NASDAQ:SIDU) Trading 2% Higher – Should You Buy?

Sidus Space, Inc. (NASDAQ:SIDU)’s share price was up 2% during mid-day trading on Monday . The stock traded as high as $1.11 and last traded at $1.03. Approximately 3,148,019 shares traded hands during trading, an increase of 5% from the average daily volume of 3,009,070 shares. The stock had previously closed at $1.01.

Analysts Set New Price Targets

SIDU has been the subject of a number of research reports. Wall Street Zen cut 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 report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Sidus Space Stock Performance

The stock’s fifty day simple moving average is $1.00 and its two-hundred day simple moving average is $1.25. The company has a market cap of $26.21 million, a price-to-earnings ratio of -0.80 and a beta of -1.30.

Sidus Space (NASDAQ:SIDU) last issued its earnings results on Friday, November 14th. The company reported ($0.24) earnings per share for the quarter. The firm 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%.

Hedge Funds Weigh In On Sidus Space

A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC increased 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 purchasing an additional 26,498 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Sidus Space in the second quarter worth about $95,000. Finally, XTX Topco Ltd acquired a new stake in shares of Sidus Space in the second quarter valued at about $168,000. Hedge funds and other institutional investors own 17.91% of the company’s stock.

Sidus Space Company Profile

Sidus Space, Inc, a space-as-a-service company, engages in the design, manufacture, launch, and data collection of commercial satellite worldwide. Its space services include satellite/space hardware manufacturing; Low Earth Orbit (LEO) launch and deployment services; and space-based geospatial intel, imagery, and data analytics.