Sidus Space (NASDAQ:SIDU) Trading 2.3% Higher – Here’s Why

Sidus Space, Inc. (NASDAQ:SIDU) traded up 2.3% during mid-day trading on Wednesday . The company traded as high as $2.28 and last traded at $2.26. 414,190 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 605,920 shares. The stock had previously closed at $2.21.

Sidus Space Stock Up 2.3 %

The firm’s 50 day simple moving average is $2.82 and its 200 day simple moving average is $2.89.

Sidus Space (NASDAQ:SIDU) last issued its earnings results on Monday, August 19th. The company reported ($0.99) earnings per share (EPS) for the quarter. Sidus Space had a negative return on equity of 133.67% and a negative net margin of 355.98%. The firm had revenue of $0.93 million during the quarter.

Institutional Trading of Sidus Space

An institutional investor recently bought a new position in Sidus Space stock. AWM Investment Company Inc. purchased a new position in Sidus Space, Inc. (NASDAQ:SIDU) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 200,000 shares of the company’s stock, valued at approximately $678,000. AWM Investment Company Inc. owned about 4.78% of Sidus Space as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 17.91% of the company’s stock.

Sidus Space Company Profile

Sidus Space, Inc, a space-as-a-service company, engages in the design, manufacture, launch, and data collection of commercial satellite worldwide. Its space services include satellite/space hardware manufacturing; Low Earth Orbit (LEO) launch and deployment services; and space-based geospatial intel, imagery, and data analytics.