Sidus Space Inc (NASDAQ:SIDU) price closed lower on Friday, May 16, and dropping -10.50% below its previous close.
A look at the daily price movement shows that the last close reads $1.81. Taking into account the 52-week price action we note that the stock hit a 52-week high of $7.65 and 52-week low of $1.14. The stock added 20.90% on its value in the past month.
Sidus Space Inc, which has a market valuation of $29.65 million, is expected to release its quarterly earnings report in June.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give SIDU a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 3 analysts have assigned SIDU a recommendation rating as follows: 1 rate it as a Hold; 2 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Sidus Space Inc (SIDU) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that SIDU’s price is at present 2.39% off the SMA20 and 3.59% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 51.38, with weekly volatility standing at 10.27%. The indicator jumps to 6.63% when calculated based on the past 30 days. Sidus Space Inc (NASDAQ:SIDU)’s beta value is holding at -1.33, while the average true range (ATR) indicator is currently reading 0.14.
An analysis of the Sidus Space Inc (NASDAQ:SIDU) stock in terms of its daily trading volume indicates that the 3-month average is 784.46K.
Current records show that the company has 18.20M in outstanding shares. The insiders’ percentage holdings are 1.27% of outstanding shares while the percentage share held by institutions stands at 2.85%. But the -66.94% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
