Sidus Space (NASDAQ:SIDU) Trading 17.1% Higher – Still a Buy?

Sidus Space, Inc. (NASDAQ:SIDU)’s share price rose 17.1% during mid-day trading on Tuesday . The stock traded as high as $2.07 and last traded at $2.05. Approximately 11,396,719 shares traded hands during mid-day trading, an increase of 37% from the average daily volume of 8,347,948 shares. The stock had previously closed at $1.75.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Weiss Ratings upgraded Sidus Space from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. Wall Street Zen upgraded shares of Sidus Space from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Sidus Space Stock Performance

The firm has a market capitalization of $131.04 million, a P/E ratio of -2.10 and a beta of -0.88. The firm has a 50 day moving average price of $3.39 and a two-hundred day moving average price of $3.17.

Sidus Space (NASDAQ:SIDU) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $0.36 million during the quarter. Sidus Space had a negative return on equity of 72.52% and a negative net margin of 806.85%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SIDU. Ground Swell Capital LLC purchased a new position in shares of Sidus Space during the 4th quarter valued at $33,000. Resurgent Financial Advisors LLC bought a new stake in shares of Sidus Space in the 4th quarter valued at approximately $38,000. OMERS ADMINISTRATION Corp acquired a new position in Sidus Space in the fourth quarter worth approximately $40,000. KPP Advisory Services LLC bought a new position in Sidus Space during the first quarter valued at approximately $46,000. Finally, T3 Companies LLC acquired a new stake in Sidus Space in the fourth quarter valued at approximately $53,000. 17.91% of the stock is owned by hedge funds and other institutional investors.

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.