Sabby Management LLC recently announced the acquisition of new stake in Sidus Space Inc. (NASDAQ:SIDU). This fresh investment now brings its stake to 10.18% valued currently at $0.93 million. In addition, Renaissance Technologies LLC raised its holdings by 0.32 million to 0.32 million shares.
With over 4.97 million Sidus Space Inc. (SIDU) shares trading Monday and a closing price of $0.19 on the day, the dollar volume was approximately $0.94 million. The shares have shown a negative half year performance of -69.87% and its price on 09/18/23 gained nearly 6.06%. Currently, there are 73.02M common shares owned by the public and among those 61.64M shares have been available to trade.
Top 5 EV Tech Stocks to Buy for 2023
The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".
Click Here to Download the FREE Report.
Sponsored
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for SIDU have a consensus price objective of $0.65. The analysts have set the share’s price value over the next 12 months at a high of $0.65 and a low of $0.65. But an upside of 70.77% will see the stock hit the forecast high price target while median target price for the stock is $0.65.
Insiders at the company have transacted a total of 1 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 1 of these insider trades were purchases, accounting for 500,000 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Sidus Space Inc. are Vanguard Extended Market Index Fu, Vanguard Total Stock Market ETF, and Procure ETF Trust II – Space ETF. Vanguard Extended Market Index Fu owns 0.52 million shares of the company’s stock, all valued at over $75171.0. Procure ETF Trust II – Space ETF now owns shares totaling to 0.21% of the shares outstanding.
However, the script later moved the day high at 0.1924, up 6.06%. The company’s stock has a 5-day price change of 32.57% and -13.03% over the past three months. SIDU shares are trading -82.97% year to date (YTD), with the 12-month market performance down to -92.20% lower. It has a 12-month low price of $0.12 and touched a high of $2.42 over the same period. SIDU has an average intraday trading volume of 4.52 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 27.17%, 15.06%, and -64.92% respectively.
Institutional ownership of Sidus Space Inc. (NASDAQ: SIDU) shares accounts for 6.50% of the company’s 73.02M shares outstanding. Mutual fund holders own 1.94%, while other institutional holders and individual stakeholders account for 11.04% and 0.79% respectively.
It has a market capitalization of $13.05M and a beta (3y monthly) value of -1.49. The earnings-per-share (ttm) stands at -$0.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.60% over the week and 12.76% over the month.
Analysts forecast that Sidus Space Inc. (SIDU) will achieve an EPS of -$0.04 for the current quarter, -$0.04 for the next quarter and -$0.1 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.04 while analysts give the company a high EPS estimate of -$0.04. Comparatively, EPS for the current quarter was -$0.23 a year ago. Earnings per share for the fiscal year are expected to decrease by -230.90%, and 54.50% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Sidus Space Inc. (SIDU) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
