Sidus Space (NASDAQ:SIDU) Trading Up 2.6% – Should You Buy?

Sidus Space, Inc. (NASDAQ:SIDU) shares were up 2.6% on Thursday . The stock traded as high as $1.18 and last traded at $1.17. Approximately 508,856 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 2,046,727 shares. The stock had previously closed at $1.14.

Sidus Space Trading Up 2.6%

The firm’s 50-day moving average price is $1.53 and its two-hundred day moving average price is $1.67. The stock has a market cap of $21.41 million, a PE ratio of -0.59 and a beta of -1.35.

Sidus Space (NASDAQ:SIDU) last announced its quarterly earnings results on Thursday, August 14th. The company reported ($0.31) earnings per share for the quarter. Sidus Space had a negative return on equity of 129.29% and a negative net margin of 515.33%.The business had revenue of $1.26 million during the quarter.

Institutional Investors Weigh In On Sidus Space

Several hedge funds have recently modified their holdings of SIDU. Tower Research Capital LLC TRC lifted its position in shares of Sidus Space by 747.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,620 shares of the company’s stock worth $28,000 after purchasing an additional 4,957 shares during the period. Essex Investment Management Co. LLC purchased a new stake in shares of Sidus Space in the 1st quarter worth approximately $45,000. XTX Topco Ltd bought a new position in shares of Sidus Space during the 4th quarter worth approximately $58,000. Millennium Management LLC bought a new position in shares of Sidus Space during the 4th quarter worth approximately $89,000. Finally, Jane Street Group LLC bought a new position in shares of Sidus Space during the 2nd quarter worth approximately $95,000. Hedge funds and other institutional investors own 17.91% of the company’s stock.

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.