Wall Street Zen Downgrades Sidus Space (NASDAQ:SIDU) to Sell

Sidus Space (NASDAQ:SIDU – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings raised Sidus Space from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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Sidus Space Stock Performance

Shares of SIDU opened at $2.60 on Friday. Sidus Space has a fifty-two week low of $0.63 and a fifty-two week high of $6.79. The firm’s 50-day simple moving average is $2.54 and its two-hundred day simple moving average is $2.96. The stock has a market cap of $172.95 million, a PE ratio of -3.77 and a beta of -0.84.

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

Institutional Trading of Sidus Space

Institutional investors and hedge funds have recently bought and sold shares of the company. Ground Swell Capital LLC bought a new position in shares of Sidus Space in the fourth quarter worth approximately $33,000. 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 valued at $143,000 after acquiring an additional 10,500 shares in the last quarter. Resurgent Financial Advisors LLC bought a new stake in shares of Sidus Space during the fourth quarter valued at approximately $38,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Sidus Space during the fourth quarter valued at approximately $40,000. Finally, Trivium Point Advisory LLC purchased a new position in Sidus Space in the 2nd quarter worth approximately $42,000. 17.91% of the stock is currently owned by institutional investors.

Sidus Space Company Profile

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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.

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