Sidus Space (NASDAQ:SIDU) Earns Sell (E+) Rating from Weiss Ratings

Sidus Space (NASDAQ:SIDU)‘s stock had its “sell (e+)” rating reissued by equities researchers at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of Sidus Space from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Sidus Space Stock Performance

Shares of NASDAQ:SIDU opened at $1.43 on Wednesday. The firm has a market cap of $36.39 million, a PE ratio of -0.72 and a beta of -1.35. The firm’s 50 day simple moving average is $1.15 and its 200-day simple moving average is $1.43. Sidus Space has a one year low of $0.93 and a one year high of $7.65.

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

Hedge Funds Weigh In On Sidus Space

Several institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC purchased a new position in Sidus Space in the fourth quarter worth $89,000. 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 worth $209,000 after purchasing an additional 26,498 shares during the last quarter. Essex Investment Management Co. LLC purchased a new position in Sidus Space in the first quarter worth $45,000. Jane Street Group LLC purchased a new position in Sidus Space in the second quarter worth $95,000. Finally, FNY Investment Advisers LLC purchased a new position in Sidus Space in the first quarter worth $107,000. 17.91% of the stock is owned by hedge funds and other institutional investors.

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.