Sidus Space (NASDAQ:SIDU) Shares Up 2% – Should You Buy?

Sidus Space, Inc. (NASDAQ:SIDU)’s share price traded up 2% on Monday . The stock traded as high as $1.11 and last traded at $1.03. 3,148,019 shares traded hands during trading, an increase of 5% from the average session volume of 3,009,070 shares. The stock had previously closed at $1.01.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Wall Street Zen cut Sidus Space from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Sidus Space in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sidus Space currently has a consensus rating of “Sell”.

Sidus Space Stock Performance

The company has a market cap of $26.21 million, a PE ratio of -0.80 and a beta of -1.30. The firm’s 50 day moving average is $1.00 and its 200-day moving average is $1.25.

Sidus Space (NASDAQ:SIDU) last issued its earnings results on Friday, November 14th. The company reported ($0.24) earnings per share for the quarter. The company 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 Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC grew 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 purchasing an additional 26,498 shares during the period. XTX Topco Ltd acquired a new position in Sidus Space in the second quarter valued at approximately $168,000. Finally, Jane Street Group LLC purchased a new position in shares of Sidus Space during the second quarter worth about $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.