Sidus Space (NASDAQ:SIDU) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Sidus Space (NASDAQ:SIDU) from a hold rating to a sell rating in a report issued on Saturday morning.

Separately, Weiss Ratings upgraded Sidus Space from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Sidus Space Stock Performance

Shares of Sidus Space stock opened at $2.54 on Friday. Sidus Space has a one year low of $0.63 and a one year high of $6.79. The company has a market cap of $168.96 million, a price-to-earnings ratio of -3.68 and a beta of -0.84. The business’s 50 day moving average price is $2.51 and its 200 day moving average price is $2.95.

Sidus Space (NASDAQ:SIDU) last issued its earnings results on Thursday, August 13th. The company reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $0.58 million during the quarter. Sidus Space had a negative net margin of 970.56% and a negative return on equity of 30.71%.

Institutional Trading of Sidus Space

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. HRT Financial LP acquired a new position in Sidus Space in the fourth quarter valued at approximately $4,283,000. Jane Street Group LLC increased its stake in Sidus Space by 2,970.3% during the fourth quarter. Jane Street Group LLC now owns 743,409 shares of the company’s stock worth $2,334,000 after acquiring an additional 719,196 shares during the last quarter. XTX Topco Ltd acquired a new stake in Sidus Space during the fourth quarter worth $1,555,000. Sassicaia Capital Advisers LLC purchased a new stake in Sidus Space in the fourth quarter valued at $633,000. Finally, AlphaCentric Advisors LLC purchased a new stake in Sidus Space in the first quarter valued at $464,000. Institutional investors and hedge funds own 17.91% of the company’s stock.

Sidus Space Company Profile

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.