The stock of Sidus Space Inc. (NASDAQ:SIDU) decreased by -$0.01 on Monday to finish at $0.13, down -5.52 percent. The last five days have seen an average of 29,424,479 shares of common stock traded. 2 times new highs were reached in the current year, with a fall of -$0.9600. The average number of shares traded over the last 20 days was 9,008,729, while the average volume over the last 50 days totaled 5,035,850.
SIDU stock dropped -22.16% since last month. On 08/17/23, the company’s shares reached a one-month low of $0.1210. The stock touched a high of $4.22 on 01/10/23, after rallying from a low of $0.12 in 52 weeks. The price of SIDU stock has declined by -88.07% or -$0.9600 this year, reaching a new high 2 times. Still, the stock price is down -96.92% from the 52-week high.
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Insider Transactions
SIDU stock investors should be aware that Sidus Space Inc. (SIDU) stock had its last reported insider trading activity 104 days ago on May 17. On May 17, CEO Craig Carol Marlene acquired 500,000 shares at $0.23 each. This transaction resulted in the insider spending $115,500.
Valuation Metrics
Beta for the stock is -1.37. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.30, the price-to-book (PB) ratio of 0.54.
Financial Health
For the three months ended June 29, Sidus Space Inc.’s quick ratio was 1.80, while its current ratio was 1.90, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 20.80% percent. Based on annual data, it had gross profit of $1.44 million and revenue of $7.29 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SIDU’s return on assets (ROA) during the last 12 months has been -107.60%. There was a -219.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -200.90%.
Earnings Surprise
According to Sidus Space Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.37 million, while revenues fell by -35.04% to $2.26 million. It was predicted that Sidus Space Inc.’s quarterly earnings would be -$0.07, but it ended up being -$0.06, beating the consensus by -16.70%. EBITDA was -$2.98 million for the quarter. At the end of Sidus Space Inc.’s most recent quarter ended June 29, its liabilities totaled 7.7 million, while its total debt was $2.26 million. Equity owned by shareholders amounts to $73.02 million.
Technical Picture
Here’s a quick look at Sidus Space Inc.’s (SIDU) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 33.28%, suggesting the stock is Neutral, with a 110.95% historical volatility rate.
The stochastic %K and %D were 10.60% and 15.46% respectively, while the average true range (ATR) was 0.0229. Based on the 14-day stochastic reading of 6.72%, the RSI (14) reading is 34.82%. On the 9-day MACD Oscillator, the stock is at -0.0087, and the 14-day reading is at -0.0114.
Analyst Ratings
Analysts have assigned Sidus Space Inc. (SIDU) an Buy rating. SIDU is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is SIDU’s price target for the next 12 months?
The current consensus forecast for the stock is between $0.65 and $0.65, with a median target price of $0.65. In analyzing these forecasts, the average price target given by analysts for Sidus Space Inc. (SIDU) is $0.65.
