Sidus Space (NASDAQ:SIDU) Stock Price Up 15.5% – Time to Buy?

Sidus Space, Inc. (NASDAQ:SIDU) shares rose 15.5% during mid-day trading on Friday . The company traded as high as $4.40 and last traded at $4.31. Approximately 44,668,207 shares were traded during trading, a decline of 28% from the average daily volume of 62,016,406 shares. The stock had previously closed at $3.73.

Analysts Set New Price Targets

SIDU has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Sidus Space from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Sidus Space in a research note on Thursday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Sidus Space Trading Up 15.5%

The stock has a market capitalization of $151.93 million, a PE ratio of -3.34 and a beta of -1.64. The stock’s fifty day simple moving average is $2.09 and its 200-day simple moving average is $1.54.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in shares of Sidus Space in the 2nd quarter worth about $95,000. Geode Capital Management LLC raised its position 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 acquiring an additional 26,498 shares during the period. SG Americas Securities LLC purchased a new position in Sidus Space in the fourth quarter valued at about $118,000. XTX Topco Ltd purchased a new position in Sidus Space in the second quarter valued at about $168,000. Finally, Thompson Davis & CO. Inc. bought a new position in shares of Sidus Space during the 4th quarter valued at approximately $194,000. 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.