Sidus Space (NASDAQ:SIDU) Issues Earnings Results

Sidus Space (NASDAQ:SIDU) released its quarterly earnings data on Thursday. The company reported ($0.06) earnings per share for the quarter, Zacks reports. Sidus Space had a negative net margin of 806.85% and a negative return on equity of 72.52%.

Sidus Space Stock Up 2.4%

Shares of Sidus Space stock traded up $0.06 during mid-day trading on Thursday, hitting $2.54. The stock had a trading volume of 6,352,821 shares, compared to its average volume of 6,465,696. The firm has a market cap of $168.96 million, a P/E ratio of -2.70 and a beta of -0.85. The firm has a 50-day moving average of $2.57 and a two-hundred day moving average of $2.96. Sidus Space has a 12-month low of $0.63 and a 12-month high of $6.79.

Analyst Upgrades and Downgrades

Several analysts have commented on SIDU shares. Weiss Ratings raised 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 analyst has rated the stock with a Sell rating, According to MarketBeat, Sidus Space presently has an average rating of “Sell”.

Hedge Funds Weigh In On Sidus Space

Several large investors have recently made changes to their positions in the stock. Resurgent Financial Advisors LLC acquired a new position in Sidus Space during the fourth quarter worth $38,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Sidus Space in the fourth quarter valued at approximately $40,000. Mariner LLC acquired a new position in shares of Sidus Space in the fourth quarter valued at approximately $69,000. LPL Financial LLC acquired a new position in shares of Sidus Space in the fourth quarter valued at approximately $81,000. Finally, Bank of Montreal Can increased its position in shares of Sidus Space by 30.0% during the fourth quarter. Bank of Montreal Can now owns 45,500 shares of the company’s stock worth $143,000 after acquiring an additional 10,500 shares during the period. 17.91% of the stock is currently owned by institutional investors and hedge funds.

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.