Sidus Space (NASDAQ:SIDU) Upgraded to Hold at Wall Street Zen

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

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Sidus Space in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Sidus Space currently has a consensus rating of “Sell”.

Sidus Space Stock Up 13.6%

NASDAQ SIDU opened at $2.42 on Friday. Sidus Space has a 52 week low of $0.63 and a 52 week high of $5.39. The firm has a 50 day moving average of $2.52 and a two-hundred day moving average of $1.62. The stock has a market capitalization of $160.98 million, a PE ratio of -1.88 and a beta of -1.64.

Sidus Space (NASDAQ:SIDU) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.24) earnings per share (EPS) for the quarter. The firm 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 institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of Sidus Space by 28.1% during the second 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 last quarter. XTX Topco Ltd purchased a new position in Sidus Space during the 2nd quarter worth $168,000. Jane Street Group LLC acquired a new position in Sidus Space in the second quarter valued at $95,000. SG Americas Securities LLC purchased a new stake in shares of Sidus Space in the fourth quarter valued at about $118,000. Finally, Thompson Davis & CO. Inc. acquired a new stake in shares of Sidus Space during the fourth quarter worth about $194,000. Hedge funds and other institutional investors own 17.91% of the company’s stock.

About Sidus Space

Sidus Space Inc (NASDAQ: SIDU) is an end-to-end space-as-a-service company headquartered in Houston, Texas. The firm provides mission design, spacecraft manufacturing, ground segment infrastructure and mission operations through a turnkey approach tailored to commercial and government customers. Sidus leverages its integrated supply chain to support client missions from concept development through data delivery.

The company’s product offerings include small satellite buses, flight computers, payload integration services and proprietary ground control software, supplemented by cloud-based data processing and analytics tools.