Sidus Space (NASDAQ:SIDU) Stock Rating Lowered by Wall Street Zen

Sidus Space (NASDAQ:SIDU) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Separately, 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 MarketBeat, the company currently has an average rating of “Sell”.

Sidus Space Price Performance

Shares of NASDAQ SIDU opened at $0.74 on Friday. The business has a fifty day moving average price of $1.07 and a two-hundred day moving average price of $1.34. The stock has a market capitalization of $18.92 million, a PE ratio of -0.58 and a beta of -1.33. Sidus Space has a fifty-two week low of $0.70 and a fifty-two week high of $7.65.

Sidus Space (NASDAQ:SIDU) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.24) EPS 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 during the quarter.

Hedge Funds Weigh In On Sidus Space

A number of institutional investors have recently added to or reduced their stakes in SIDU. Essex Investment Management Co. LLC acquired a new stake in Sidus Space in the first quarter valued at approximately $45,000. XTX Topco Ltd acquired a new position in shares of Sidus Space during the second quarter worth $168,000. Geode Capital Management LLC lifted its stake in shares of 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. Finally, Jane Street Group LLC acquired a new stake in shares of Sidus Space during the 2nd quarter valued at $95,000. 17.91% of the stock is currently owned by institutional investors and hedge funds.

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.