Sidus Space Inc. [NASDAQ: SIDU] traded at a low on 03/16/23, posting a -3.63 loss after which it closed the day’ session at $0.63. The company report on March 16, 2023 that Sidus Space, Inc. Reports 2022 Financial Results – Annual Revenue up 418% and Annual Gross Profit up 492% as Compared To 2021.
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Sidus Space, Inc. (NASDAQ:SIDU), a Space-as-a-Service satellite company focused on commercial satellite design, manufacture, launch, and data collection, announced yesterday financial results for the year ended December 31, 2022 and provided company business updates. Sidus will webcast a conference call to discuss the results today at 9:00 am Eastern Time. The webcast is available on Sidus’ Investor Relations website at https://investors.sidusspace.com. A replay of the call will be available on the site for three months.
“We delivered a strong year of revenue growth while making progress on strategic initiatives as we move to expand our offering into the growing small satellite and earth observation data market, which is expected to yield recurring revenue streams and stronger margins over time,” said Teresa Burchfield, Chief Financial Officer of Sidus Space. “In 2022, we laid a strong foundation for a milestone year ahead. Our team delivered results on multiple key initiatives and accelerated the implementation of our Space-as-a-Service strategy throughout the year as we continued to expand our products and services to customers globally. Our many accomplishments helped to drive year-over-year revenue growth by over 400% relative to 2021.”.
The results of the trading session contributed to over 5848897 shares changing hands. Over the past one week, the price volatility of Sidus Space Inc. stands at 13.64% while the volatility over the past one month is 19.10%.
The market cap for SIDU stock reached $12.60 million, with 17.18 million shares outstanding and 9.78 million shares in the current float. Compared to the average trading volume of 5.59M shares, SIDU reached a trading volume of 5848897 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Sidus Space Inc. [SIDU]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SIDU shares is $4.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SIDU stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Sidus Space Inc. is set at 0.12, with the Price to Sales ratio for SIDU stock in the period of the last 12 months amounting to 2.29. The Price to Book ratio for the last quarter was 1.37, with the Price to Cash per share for the same quarter was set at 0.22.
How has SIDU stock performed recently?
Sidus Space Inc. [SIDU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.16. With this latest performance, SIDU shares gained by 8.10% in over the last four-week period, additionally sinking by -74.07% over the last 6 months – not to mention a drop of -83.16% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SIDU stock in for the last two-week period is set at 41.56, with the RSI for the last a single of trading hit 38.23, and the three-weeks RSI is set at 41.97 for Sidus Space Inc. [SIDU]. The present Moving Average for the last 50 days of trading for this stock 0.8233, while it was recorded at 0.6737 for the last single week of trading, and 2.0550 for the last 200 days.
Sidus Space Inc. [SIDU]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Sidus Space Inc. [SIDU] shares currently have an operating margin of -249.41 and a Gross Margin at -135.20. Sidus Space Inc.’s Net Margin is presently recorded at -265.92.
Return on Equity for this stock declined to -183.88, with Return on Assets sitting at -39.13.
Sidus Space Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.80 and a Current Ratio set at 4.00.
Insider trade positions for Sidus Space Inc. [SIDU]
There are presently around $0 million, or 6.50% of SIDU stock, in the hands of institutional investors. The top three institutional holders of SIDU stocks are: VANGUARD GROUP INC with ownership of 185,320, which is approximately 5.75% of the company’s market cap and around 8.25% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 105,900 shares of the stock with an approximate value of $67000.0 in SIDU stocks shares; and BLACKROCK INC., currently with $34000.0 in SIDU stock with ownership of nearly 0% of the company’s market capitalization.
Positions in Sidus Space Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 10 institutional holders increased their position in Sidus Space Inc. [NASDAQ:SIDU] by around 77,328 shares. Additionally, 7 investors decreased positions by around 41,114 shares, while 4 investors held positions by with 431,968 shares. The mentioned changes placed institutional holdings at 550,410 shares, according to the latest SEC report filing. SIDU stock had 3 new institutional investments in for a total of 33,843 shares, while 4 institutional investors sold positions of 35,233 shares during the same period.