Sidus Space (NASDAQ:SIDU) Issues Earnings Results

Sidus Space (NASDAQ:SIDU) released its quarterly earnings data on Friday. The company reported ($0.24) EPS for the quarter, Zacks reports. Sidus Space had a negative return on equity of 129.29% and a negative net margin of 515.33%.

Sidus Space Price Performance

SIDU traded up $0.04 on Friday, hitting $0.86. The company had a trading volume of 1,642,279 shares, compared to its average volume of 1,191,771. The stock has a fifty day simple moving average of $1.12 and a 200-day simple moving average of $1.37. The firm has a market capitalization of $21.81 million, a P/E ratio of -0.43 and a beta of -1.33. Sidus Space has a 52-week low of $0.78 and a 52-week high of $7.65.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SIDU shares. Wall Street Zen upgraded shares of Sidus Space from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sidus Space in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Sidus Space currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted 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 valued at $209,000 after purchasing an additional 26,498 shares in the last quarter. XTX Topco Ltd purchased a new position in Sidus Space during the second quarter valued at $168,000. Finally, Jane Street Group LLC purchased a new position in Sidus Space during the second quarter valued at $95,000. Hedge funds and other institutional investors own 17.91% of the company’s stock.

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.