In yesterday’s Wall Street session, Sidus Space Inc. (NASDAQ:SIDU) shares traded at $0.14, up 4.00% from the previous session.
As of this writing, 1 analysts cover Sidus Space Inc. (NASDAQ:SIDU). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $0.65 and a low of $0.65, we find $0.65. Given the previous closing price of $0.13, this indicates a potential upside of 400.0 percent. SIDU stock price is now -21.96% away from the 50-day moving average and -78.56% away from the 200-day moving average. The market capitalization of the company currently stands at $9.89M.
There are 0 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $0.65 as their price target over the next twelve months.
In other news, Craig Carol Marlene, CEO bought 500,000 shares of the company’s stock on May 17. The stock was bought for $115,500 at an average price of $0.23. Upon completion of the transaction, the CEO now directly owns 500,000 shares in the company, valued at $70000.0. A total of 3.42% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SIDU stock. A new stake in Sidus Space Inc. shares was purchased by SABBY MANAGEMENT, LLC during the first quarter worth $866,000. RENAISSANCE TECHNOLOGIES LLC invested $43,000 in shares of SIDU during the first quarter. In the first quarter, CVI HOLDINGS, LLC acquired a new stake in Sidus Space Inc. valued at approximately $26,000. VIDENT INVESTMENT ADVISORY, LLC acquired a new stake in SIDU for approximately $6,000. J.W. COLE ADVISORS, INC. purchased a new stake in SIDU valued at around $4,000 in the second quarter. In total, there are 23 active investors with 6.50% ownership of the company’s stock.
During the past 12 months, Sidus Space Inc. has had a low of $0.12 and a high of $4.22. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 1.90, and a quick ratio of 1.80. The fifty day moving average price for SIDU is $0.1715 and a two-hundred day moving average price translates $0.6226 for the stock.
The latest earnings results from Sidus Space Inc. (NASDAQ: SIDU) was released for Jun, 2023. According to the Aerospace & Defense Company, earnings per share came in at -$0.07, missing analysts’ expectations of -$0.06 by -0.01. This compares to -$0.23 EPS in the same period last year. The company reported revenue of $1.37 million for the quarter, compared to $1.85 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -25.83 percent. For the current quarter, analysts expect SIDU to generate $1.5M in revenue.
Sidus Space Inc.(SIDU) Company Profile
Sidus Space, Inc., a space-as-a-service company, engages in the design, manufacture, launch, and data collection of commercial satellite worldwide. Its services include satellite manufacturing; precision machining, assembly, and test; low earth orbit microsatellite; payload integrations; launch and support services; space-based data services and analytics; precision computer numerical control machining and fabrication; Swiss screw machining; wire cable harness fabrication; 3D composite and metal printing; and satellite deployment and microgravity testing and research services, as well as services related to electrical and electronic assemblies. The company also offers hardware solutions consisting of an external flight test platform to develop, test, and fly experiments, as well as delivers hardware, materials, and advanced electronics on the international space station; and space station integrated kinetic launcher for orbital payload systems. It serves commercial space, aerospace, defense, underwater marine, and other commercial and government customers. The company was founded in 2014 and is headquartered in Merritt Island, Florida. Sidus Space, Inc. is a subsidiary of Craig Technical Consulting, Inc.
