Sidus Space Sees Unusually Large Options Volume (NASDAQ:SIDU)

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SIDU. Wall Street Zen raised shares of Sidus Space from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings cut 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, Sidus Space presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Sidus Space

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SIDU. Geode Capital Management LLC grew its holdings in shares of Sidus Space by 28.1% during the 2nd quarter. Geode Capital Management LLC now owns 120,799 shares of the company’s stock worth $209,000 after purchasing an additional 26,498 shares during the period. XTX Topco Ltd purchased a new stake in Sidus Space in the 2nd quarter valued at about $168,000. Jane Street Group LLC acquired a new position in Sidus Space in the second quarter valued at about $95,000. SG Americas Securities LLC acquired a new position in Sidus Space in the fourth quarter valued at about $118,000. Finally, Thompson Davis & CO. Inc. purchased a new position in Sidus Space during the fourth quarter worth about $194,000. Hedge funds and other institutional investors own 17.91% of the company’s stock.

Sidus Space Trading Down 6.8%

Sidus Space stock traded down $0.42 during midday trading on Wednesday, hitting $5.78. 39,860,649 shares of the stock were exchanged, compared to its average volume of 24,573,297. Sidus Space has a fifty-two week low of $0.63 and a fifty-two week high of $6.79. The stock has a market capitalization of $384.42 million, a price-to-earnings ratio of -6.07 and a beta of -1.16. The stock’s 50-day simple moving average is $3.53 and its 200 day simple moving average is $2.60.

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

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.