Sidus Space (NASDAQ:SIDU) Trading 2.6% Higher – What’s Next?

Sidus Space, Inc. (NASDAQ:SIDU)’s stock price traded up 2.6% on Monday . The company traded as high as $1.60 and last traded at $1.56. 338,617 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 2,513,845 shares. The stock had previously closed at $1.52.

Sidus Space Stock Up 2.6%

The business has a 50-day simple moving average of $1.50 and a two-hundred day simple moving average of $2.13. The company has a market cap of $28.55 million, a price-to-earnings ratio of -0.59 and a beta of -1.48.

Sidus Space (NASDAQ:SIDU) last announced its quarterly earnings results on Thursday, May 15th. The company reported ($0.35) earnings per share for the quarter. Sidus Space had a negative return on equity of 129.87% and a negative net margin of 291.96%. The company had revenue of $0.24 million during the quarter.

Hedge Funds Weigh In On Sidus Space

Several large investors have recently made changes to their positions in SIDU. Heights Capital Management Inc. acquired a new position in shares of Sidus Space during the 4th quarter worth about $2,367,000. FNY Investment Advisers LLC acquired a new position in shares of Sidus Space during the 1st quarter worth about $107,000. Geode Capital Management LLC lifted its position in shares of Sidus Space by 139.2% during the 4th quarter. Geode Capital Management LLC now owns 86,984 shares of the company’s stock worth $426,000 after purchasing an additional 50,614 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Sidus Space during the 4th quarter worth about $157,000. Finally, Essex Investment Management Co. LLC acquired a new position in shares of Sidus Space during the 1st quarter worth about $45,000. Institutional investors and hedge funds own 17.91% of the company’s stock.

About Sidus Space

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.