Sidus Space (NASDAQ:SIDU) Stock Price Down 4.6% – Here’s What Happened

Sidus Space, Inc. (NASDAQ:SIDU)’s share price fell 4.6% during trading on Wednesday . The company traded as low as $2.45 and last traded at $2.48. 7,711,954 shares changed hands during mid-day trading, an increase of 21% from the average daily volume of 6,384,882 shares. The stock had previously closed at $2.60.

Wall Street Analyst Weigh In

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

Sidus Space Stock Performance

The stock has a 50 day moving average of $2.57 and a 200-day moving average of $2.96. The company has a market cap of $172.95 million, a PE ratio of -2.77 and a beta of -0.85.

Sidus Space (NASDAQ:SIDU) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $0.58 million for the quarter. Sidus Space had a negative net margin of 806.85% and a negative return on equity of 72.52%.

Institutional Investors Weigh In On Sidus Space

Large investors have recently bought and sold shares of the company. HRT Financial LP acquired a new position in Sidus Space in the 4th quarter worth approximately $4,283,000. Jane Street Group LLC lifted its stake in Sidus Space by 2,970.3% during the 4th quarter. Jane Street Group LLC now owns 743,409 shares of the company’s stock valued at $2,334,000 after acquiring an additional 719,196 shares during the period. XTX Topco Ltd acquired a new stake in Sidus Space during the 4th quarter valued at approximately $1,555,000. Sassicaia Capital Advisers LLC purchased a new stake in shares of Sidus Space in the 4th quarter valued at $633,000. Finally, AlphaCentric Advisors LLC purchased a new stake in shares of Sidus Space in the 1st quarter valued at $464,000. Hedge funds and other institutional investors own 17.91% of the company’s stock.

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.