Sidus Space (NASDAQ:SIDU) Trading 1% Higher – Here’s Why

Sidus Space, Inc. (NASDAQ:SIDU)’s stock price shot up 1% on Wednesday . The company traded as high as $2.09 and last traded at $1.99. 3,321,832 shares were traded during mid-day trading, a decline of 25% from the average session volume of 4,429,477 shares. The stock had previously closed at $1.97.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of Sidus Space from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Sidus Space in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Sidus Space Trading Up 1.0%

The stock has a market capitalization of $132.37 million, a PE ratio of -1.54 and a beta of -1.58. The stock has a 50 day moving average price of $2.84 and a 200-day moving average price of $1.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Ground Swell Capital LLC bought a new stake in shares of Sidus Space during the 4th quarter valued at about $33,000. Resurgent Financial Advisors LLC bought a new position in shares of Sidus Space in the 4th quarter worth approximately $38,000. OMERS ADMINISTRATION Corp bought a new position in shares of Sidus Space in the 4th quarter worth approximately $40,000. T3 Companies LLC purchased a new position in shares of Sidus Space in the fourth quarter worth approximately $53,000. Finally, Global Retirement Partners LLC purchased a new position in shares of Sidus Space in the fourth quarter worth approximately $69,000. 17.91% of the stock is owned by hedge funds and other institutional investors.

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.