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

Sidus Space, Inc. (NASDAQ:SIDU)’s share price shot up 5.5% 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 changed 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 reissued a “sell (e+)” rating on shares of Sidus Space in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Sidus Space

A number of institutional investors and hedge funds have recently made changes to their positions in SIDU. XTX Topco Ltd acquired a new stake in shares of Sidus Space during the 2nd quarter worth $168,000. FNY Investment Advisers LLC acquired a new stake in Sidus Space in the 1st quarter valued at $107,000. Jane Street Group LLC acquired a new stake in Sidus Space in the 2nd quarter valued at $95,000. Essex Investment Management Co. LLC acquired a new stake in Sidus Space in the 1st quarter valued at $45,000. Finally, Geode Capital Management LLC increased its holdings in Sidus Space by 28.1% in the 2nd quarter. Geode Capital Management LLC now owns 120,799 shares of the company’s stock valued at $209,000 after purchasing an additional 26,498 shares in the last quarter. 17.91% of the stock is currently owned by institutional investors and hedge funds.

Sidus Space Stock Performance

The stock has a market capitalization of $30.54 million, a price-to-earnings ratio of -0.61 and a beta of -1.35. The firm has a fifty day moving average of $1.15 and a 200-day moving average of $1.43.

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

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.