Sidus Space (NASDAQ:SIDU) Downgraded to “Sell” Rating by Wall Street Zen

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

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Sidus Space in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Sidus Space Price Performance

Sidus Space stock opened at $3.38 on Friday. The firm has a 50 day simple moving average of $2.93 and a 200-day simple moving average of $2.28. Sidus Space has a 1-year low of $0.63 and a 1-year high of $5.99. The stock has a market cap of $224.84 million, a price-to-earnings ratio of -2.79 and a beta of -1.16.

Hedge Funds Weigh In On Sidus Space

A number of hedge funds have recently made changes to their positions in the stock. HRT Financial LP purchased a new position in shares of Sidus Space during the 4th quarter worth approximately $4,283,000. Jane Street Group LLC boosted its position in shares of Sidus Space by 2,970.3% during the 4th quarter. Jane Street Group LLC now owns 743,409 shares of the company’s stock worth $2,334,000 after purchasing an additional 719,196 shares during the period. XTX Topco Ltd purchased a new position in shares of Sidus Space during the 4th quarter worth approximately $1,555,000. Geode Capital Management LLC boosted its position in shares of Sidus Space by 43.2% during the 4th quarter. Geode Capital Management LLC now owns 337,966 shares of the company’s stock worth $1,061,000 after purchasing an additional 102,020 shares during the period. Finally, Sassicaia Capital Advisers LLC purchased a new position in shares of Sidus Space during the 4th quarter worth approximately $633,000. Hedge funds and other institutional investors 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.