Stock Traders Buy High Volume of Sidus Space Call Options (NASDAQ:SIDU)

Sidus Space, Inc. (NASDAQ:SIDU) was the recipient of unusually large options trading on Wednesday. Investors purchased 17,528 call options on the stock. This is an increase of 91% compared to the typical volume of 9,167 call options.

Sidus Space Stock Performance

Shares of NASDAQ SIDU opened at $5.18 on Friday. The stock has a market cap of $344.57 million, a P/E ratio of -5.51 and a beta of -1.16. The firm has a 50 day moving average price of $3.67 and a two-hundred day moving average price of $2.66. Sidus Space has a 52-week low of $0.63 and a 52-week high of $6.79.

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

Hedge Funds Weigh In On Sidus Space

Several institutional investors have recently added to or reduced their stakes in SIDU. HRT Financial LP bought a new position in Sidus Space in the 4th quarter worth approximately $4,283,000. Jane Street Group LLC lifted its holdings in shares of Sidus Space by 2,970.3% in the 4th 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 purchased a new stake in Sidus Space during the 4th quarter valued at about $1,555,000. Geode Capital Management LLC increased its stake in shares of Sidus Space by 43.2% during the fourth quarter. Geode Capital Management LLC now owns 337,966 shares of the company’s stock valued at $1,061,000 after buying an additional 102,020 shares during the period. Finally, Sassicaia Capital Advisers LLC purchased a new position in Sidus Space during the fourth quarter valued at $633,000. Institutional investors own 17.91% of the company’s stock.

Analyst Upgrades and Downgrades

SIDU has been the topic of a number of research reports. Wall Street Zen raised shares of Sidus Space from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings lowered shares of Sidus Space from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.