This trade activity should not be overlooked: Sidus Space Inc. (SIDU)

Sidus Space Inc. (NASDAQ: SIDU) stock jumped 6.06% on Monday to $0.19 against a previous-day closing price of $0.17. With 4.97 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.52 million shares. The 52-week range on SIDU shows that it touched its highest point at $2.42 and its lowest point at $0.12 during that stretch. Beta for the stock currently stands at -1.49.

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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 up-trending over the past week, with a rise of 32.57%, but this was up by 39.55% over a month. Three-month performance dropped to -13.03% while six-month performance fell -69.87%. The stock lost -92.20% in the past year, while it has lost -82.97% so far this year. A look at the trailing 12-month EPS for SIDU yields -0.64 with Next year EPS estimates of -0.10. For the next quarter, that number is -0.04. This implies an EPS growth rate of -230.90% for this year and 54.50% for next year.

Float and Shares Shorts:

At present, 73.02 million SIDU shares are outstanding with a float of 61.64 million shares on hand for trading. On Aug 30, 2023, short shares totaled 4.69 million, which was 6.42% higher than short shares on Jul 30, 2023. 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.

Institutional Ownership:

Through their ownership of 12.10% of SIDU’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 11.04% of SIDU, in contrast to 1.94% held by mutual funds. Shares owned by individuals account for 0.79%. As the largest shareholder in SIDU with 10.18% of the stake, Sabby Management LLC holds 6,413,644 shares worth 6,413,644. A second-largest stockholder of SIDU, The Vanguard Group, Inc., holds 550,817 shares, controlling over 0.87% of the firm’s shares. Renaissance Technologies LLC is the third largest shareholder in SIDU, holding 320,791 shares or 0.51% stake. With a 0.82% stake in SIDU, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 518,418 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 0.79% of SIDU stock, is the second-largest Mutual Fund holder. It holds 499,778 shares valued at 72468.0. Procure ETF Trust II – Space ETF holds 0.21% of the stake in SIDU, owning 132,238 shares worth 19175.0.

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 Jun 29, 2023, 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 -$0.23.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SIDU since 0 analysts follow the stock currently. 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 $0.65 and a low target of $0.65, the average target price over the next 12 months is $0.65. Based on these targets, SIDU could surge 242.11% to reach the target high and rise by 242.11% to reach the target low. Reaching the average price target will result in a growth of 242.11% 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.

Summary of Insider Activity:

Insiders traded SIDU stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 500,000 while 0 shares were sold.

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