Sidus Space (NASDAQ:SIDU) Stock Rating Upgraded by Wall Street Zen

Sidus Space (NASDAQ:SIDU) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sidus Space in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sidus Space currently has an average rating of “Sell”.

Sidus Space Stock Down 0.9%

Shares of NASDAQ:SIDU opened at $1.10 on Friday. The company has a market cap of $28.00 million, a P/E ratio of -0.56 and a beta of -1.35. Sidus Space has a 52 week low of $0.93 and a 52 week high of $7.65. The company has a 50-day moving average price of $1.15 and a 200 day moving average price of $1.43.

Sidus Space (NASDAQ:SIDU) last announced its quarterly earnings data 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 for the quarter.

Institutional Trading of Sidus Space

Several large investors have recently bought and sold shares of the company. Millennium Management LLC acquired a new stake in Sidus Space in the fourth quarter valued at $89,000. Jane Street Group LLC acquired a new stake in Sidus Space in the fourth quarter valued at $118,000. Geode Capital Management LLC grew its holdings in Sidus Space by 28.1% in the second quarter. Geode Capital Management LLC now owns 120,799 shares of the company’s stock valued at $209,000 after purchasing an additional 26,498 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in Sidus Space in the first quarter valued at $45,000. Finally, FNY Investment Advisers LLC acquired a new stake in Sidus Space in the first quarter valued at $107,000. 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.