Sidus Space (NASDAQ:SIDU) Trading Up 17.1% – Should You Buy?

Sidus Space, Inc. (NASDAQ:SIDU) shares were up 17.1% during mid-day trading on Tuesday . The company traded as high as $2.07 and last traded at $2.05. 11,396,719 shares traded hands during mid-day trading, an increase of 37% from the average session volume of 8,347,948 shares. The stock had previously closed at $1.75.

Wall Street Analyst Weigh In

SIDU has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Sidus Space from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings upgraded shares of Sidus Space from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sidus Space has a consensus rating of “Sell”.

Sidus Space Stock Up 17.1%

The firm has a 50-day moving average of $3.41 and a two-hundred day moving average of $3.17. The company has a market capitalization of $136.37 million, a PE ratio of -2.18 and a beta of -0.88.

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

Institutional Trading of Sidus Space

A number of hedge funds and other institutional investors have recently modified their holdings of SIDU. Dynamic Advisor Solutions LLC purchased a new stake in Sidus Space in the 2nd quarter valued at about $74,000. Bank of America Corp DE boosted its stake in Sidus Space by 24,142.9% during the first quarter. Bank of America Corp DE now owns 76,850 shares of the company’s stock worth $178,000 after buying an additional 76,533 shares during the period. OMERS ADMINISTRATION Corp boosted its stake in Sidus Space by 136.2% during the first quarter. OMERS ADMINISTRATION Corp now owns 30,000 shares of the company’s stock worth $70,000 after buying an additional 17,300 shares during the period. AlphaCentric Advisors LLC acquired a new stake in shares of Sidus Space during the first quarter valued at about $464,000. Finally, KPP Advisory Services LLC acquired a new stake in shares of Sidus Space during the first quarter valued at about $46,000. 17.91% of the stock is owned by institutional investors and hedge funds.

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.