As of Thursday close, Sidus Space Inc.’s (NASDAQ:SIDU) stock was up $0.01, moving up 7.55 percent to $0.15. The average number of shares traded per day over the past five days has been 3,668,400 shares. 2 times new highs have been achieved over the past 5 days, with a $0.0073 gain in that time frame. In the last twenty days, the average volume was 9,238,545, while in the previous 50 days, it was 4,931,024.
Since last month, SIDU stock retreated -13.46%. Shares of the company fell to $0.1210 on 08/17/23, the lowest level in the past month. A 52-week high of $4.22 was reached on 01/10/23 after having rallying from a 52-week low of $0.12. Since the beginning of this year, SIDU’s stock price has dropped by -86.67% or -$0.9447, and marked a new high 2 times. However, the stock has declined by -96.56% since its 52-week high.
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SIDU stock investors should be aware that Sidus Space Inc. (SIDU) stock had its last reported insider trading activity 107 days ago on May 17. Craig Carol Marlene, the CEO of the company, purchased of 500,000 shares for $0.23 on May 17. It resulted in a $115,500 investment by the insider.
Valuation Metrics
The stock’s beta is -1.42. Besides these, the trailing price-to-sales (P/S) ratio of 1.46, the price-to-book (PB) ratio of 0.61.
Financial Health
In the three months ended June 29, Sidus Space Inc.’s quick ratio stood at 1.80, while its current ratio was 1.90, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 20.80% percent. Based on annual data, SIDU earned $1.44 million in gross profit and brought in $7.29 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -219.00%. Return on equity (ROE) for the past 12 months was -200.90%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SIDU’s revenue fell -35.04% to $2.26 million during the quarter, while net income inched up to $1.37 million. While analysts expected Sidus Space Inc. to report -$0.06 quarterly earnings, the actual figure was -$0.07 per share, beating the consensus estimate by -16.70%. During the quarter, the company generated -$2.98 million in EBITDA. The liabilities of Sidus Space Inc. were 7.7 million at the end of its most recent quarter ended June 29, and its total debt was $2.26 million. The value of shareholders’ equity is $73.02 million.
Technical Picture
This quick technical analysis looks at Sidus Space Inc.’s (SIDU) price momentum. With a historical volatility rate of 102.61%, the RSI 9-day stood at 49.30% on 31 August.
With respect to its five-day moving average, the current Sidus Space Inc. price is up by +5.29% percent or $0.0073. At present, SIDU shares trade -12.58% below its 20-day simple moving average and -71.99% percent below its 100-day simple moving average. However, the stock is currently trading approximately -30.31% below its SMA50 and -91.84% below its SMA200.
Stochastic coefficient K was 11.77% and Stochastic coefficient D was 9.44%, while ATR was 0.0195. Given the Stochastic reading of 18.13% for the 14-day period, the RSI (14) reading has been calculated as 45.31%.
Analyst Ratings
Sidus Space Inc. (SIDU) has been rated Buy by analysts. According to 0 brokerage firms, SIDU is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Sidus Space Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $0.65, the current consensus forecast for the stock is $0.65 – $0.65. Based on these forecasts, analysts predict Sidus Space Inc. (SIDU) will achieve an average price target of $0.65.
