Sidus Space (NASDAQ:SIDU) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Sidus Space (NASDAQ:SIDU) from a hold rating to a sell rating in a report published on Saturday morning.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Sidus Space in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Sidus Space Stock Up 4.7%

Sidus Space stock opened at $0.74 on Friday. The firm has a market capitalization of $18.92 million, a PE ratio of -0.58 and a beta of -1.33. Sidus Space has a 52 week low of $0.70 and a 52 week high of $7.65. The firm’s 50-day simple moving average is $1.07 and its 200 day simple moving average is $1.34.

Sidus Space (NASDAQ:SIDU) last announced its earnings results on Friday, November 14th. The company reported ($0.24) earnings per share (EPS) for the quarter. The business had revenue of $1.30 million for the quarter. Sidus Space had a negative return on equity of 116.44% and a negative net margin of 655.33%.

Institutional Investors Weigh In On Sidus Space

A number of hedge funds and other institutional investors have recently made changes to their positions in SIDU. XTX Topco Ltd acquired a new position in Sidus Space in the second quarter valued at $168,000. Jane Street Group LLC purchased a new stake in Sidus Space in the 2nd quarter valued at about $95,000. Essex Investment Management Co. LLC acquired a new position in shares of Sidus Space during the 1st quarter valued at about $45,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Sidus Space by 28.1% during the 2nd quarter. Geode Capital Management LLC now owns 120,799 shares of the company’s stock worth $209,000 after acquiring an additional 26,498 shares during the period. Hedge funds and other institutional investors 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.