Sidus Space Inc. (NASDAQ: SIDU) stock fell -1.85% on Tuesday to $1.06 against a previous-day closing price of $1.08. With 0.34 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.43 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $1.1100 whereas the lowest price it dropped to was $1.0500. The 52-week range on SIDU shows that it touched its highest point at $12.45 and its lowest point at $0.93 during that stretch. It currently has a 1-year price target of $4.50.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SIDU was down-trending over the past week, with a drop of -7.83%, but this was down by -7.83% over a month. Three-month performance dropped to -43.62% while six-month performance fell -73.50%. The stock lost -88.21% in the past year, while it has lost -2.75% so far this year. A look at the trailing 12-month EPS for SIDU yields -0.66 with Next year EPS estimates of -0.43. For the next quarter, that number is -0.15. This implies an EPS growth rate of -137.30% for this year and 35.80% for next year.
Float and Shares Shorts:
At present, 17.18 million SIDU shares are outstanding with a float of 16.93 million shares on hand for trading. On Dec 29, 2022, short shares totaled 0.21 million, which was 1.15% higher than short shares on Nov 29, 2022. In addition to Ms. Carol M. Craig as the firm’s Founder, Chairwoman, Pres & CEO, Ms. Teresa C. Burchfield serves as its Chief Financial Officer.
Through their ownership of 6.51% of SIDU’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 3.47% of SIDU, in contrast to 2.96% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SIDU with 2.19% of the stake, The Vanguard Group, Inc. holds 175,243 shares worth 175,243. A second-largest stockholder of SIDU, Renaissance Technologies LLC, holds 96,100 shares, controlling over 1.20% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in SIDU, holding 53,833 shares or 0.67% stake. With a 1.68% stake in SIDU, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 134,281 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.64% of SIDU stock, is the second-largest Mutual Fund holder. It holds 51,039 shares valued at 55633.0. Procure ETF Trust II – Space ETF holds 0.30% of the stake in SIDU, owning 23,556 shares worth 25676.0.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, SIDU reported revenue of $1.85M and operating income of -$2.40M. The EBITDA in the recently reported quarter was -$2.33M and diluted EPS was -$0.15.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SIDU since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SIDU analysts setting a high price target of $4.50 and a low target of $4.50, the average target price over the next 12 months is $4.50. Based on these targets, SIDU could surge 324.53% to reach the target high and rise by 324.53% to reach the target low. Reaching the average price target will result in a growth of 324.53% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.. Analysts have provided yearly estimates in a range of -$0.67 being high and -$0.67 being low. For SIDU, this leads to a yearly average estimate of -$0.67. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Sidus Space Inc. surprised analysts by -$0.11 when it reported -$0.23 EPS against a consensus estimate of -$0.12. Based on analyst estimates, the high estimate for the next quarter is -$0.15 and the low estimate is -$0.15. The average estimate for the next quarter is thus -$0.15.