Sidus Space (NASDAQ:SIDU) Posts Earnings Results

Sidus Space (NASDAQ:SIDU) announced its quarterly earnings results on Wednesday. The company reported ($0.31) earnings per share (EPS) for the quarter, FiscalAI reports. Sidus Space had a negative net margin of 655.33% and a negative return on equity of 116.44%. The company had revenue of $0.59 million during the quarter.

Sidus Space Trading Down 11.0%

Shares of SIDU stock traded down $0.26 during mid-day trading on Wednesday, reaching $2.07. The stock had a trading volume of 4,854,283 shares, compared to its average volume of 21,609,678. The company has a market cap of $137.36 million, a P/E ratio of -1.60 and a beta of -1.58. Sidus Space has a 12-month low of $0.63 and a 12-month high of $5.39. The business has a 50-day simple moving average of $2.42 and a 200 day simple moving average of $1.86.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SIDU. Weiss Ratings restated a “sell (e+)” rating on shares of Sidus Space in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Sidus Space from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sidus Space has a consensus rating of “Sell”.

Hedge Funds Weigh In On Sidus Space

Several hedge funds have recently added to or reduced their stakes in SIDU. Ground Swell Capital LLC purchased a new stake in shares of Sidus Space in the fourth quarter valued at about $33,000. Bank of Montreal Can grew its position in shares of Sidus Space by 30.0% in the fourth quarter. Bank of Montreal Can now owns 45,500 shares of the company’s stock valued at $143,000 after purchasing an additional 10,500 shares during the last quarter. Resurgent Financial Advisors LLC purchased a new position in shares of Sidus Space during the 4th quarter worth approximately $38,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Sidus Space during the 4th quarter worth approximately $40,000. Finally, T3 Companies LLC acquired a new position in shares of Sidus Space during the 4th quarter worth approximately $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.