Sidus Space (NASDAQ:SIDU) Trading 0.9% Higher – Time to Buy?

Sidus Space, Inc. (NASDAQ:SIDU)’s stock price was up 0.9% on Wednesday . The stock traded as high as $3.45 and last traded at $3.26. Approximately 11,315,473 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 28,782,256 shares. The stock had previously closed at $3.23.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Sidus Space from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 19th. Wall Street Zen upgraded Sidus Space from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Sidus Space Stock Up 0.9%

The business’s 50-day simple moving average is $4.09 and its two-hundred day simple moving average is $2.99. The firm has a market capitalization of $216.86 million, a price-to-earnings ratio of -3.47 and a beta of -0.97.

Sidus Space (NASDAQ:SIDU) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.08) EPS for the quarter. The company had revenue of $0.36 million during the quarter. Sidus Space had a negative return on equity of 72.52% and a negative net margin of 806.85%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Ground Swell Capital LLC acquired a new stake in shares of Sidus Space in the fourth quarter valued at $33,000. Bank of Montreal Can lifted its stake in Sidus Space by 30.0% during the 4th quarter. Bank of Montreal Can now owns 45,500 shares of the company’s stock worth $143,000 after acquiring an additional 10,500 shares in the last quarter. Resurgent Financial Advisors LLC acquired a new position in Sidus Space during the 4th quarter worth about $38,000. OMERS ADMINISTRATION Corp purchased a new position in Sidus Space during the 4th quarter valued at about $40,000. Finally, T3 Companies LLC purchased a new position in Sidus Space during the 4th quarter valued at about $53,000. 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.