Sidus Space (NASDAQ:SIDU) Shares Up 5.5% After Analyst Upgrade

Sidus Space, Inc. (NASDAQ:SIDU) shares shot up 5.5% during mid-day trading on Monday after Wall Street Zen upgraded the stock from a sell rating to a hold rating. The company traded as high as $1.18 and last traded at $1.16. 1,707,633 shares traded hands during trading, a decline of 45% from the average session volume of 3,108,190 shares. The stock had previously closed at $1.10.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Sidus Space in a research note on Saturday, September 27th. 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”.

Institutional Trading of Sidus Space

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its stake in shares of Sidus Space by 28.1% in the second quarter. Geode Capital Management LLC now owns 120,799 shares of the company’s stock worth $209,000 after buying an additional 26,498 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Sidus Space in the second quarter worth $168,000. FNY Investment Advisers LLC bought a new stake in shares of Sidus Space in the first quarter worth $107,000. Jane Street Group LLC bought a new stake in shares of Sidus Space in the second quarter worth $95,000. Finally, Essex Investment Management Co. LLC bought a new stake in shares of Sidus Space in the first quarter worth $45,000. Institutional investors own 17.91% of the company’s stock.

Sidus Space Stock Up 5.5%

The business’s 50 day moving average is $1.15 and its 200-day moving average is $1.43. The firm has a market cap of $29.52 million, a P/E ratio of -0.59 and a beta of -1.35.

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

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.