Estimating Price Trends For Sidus Space Inc (NASDAQ: SIDU)

Sidus Space Inc (NASDAQ:SIDU) does about 7.71M shares in volume on a normal day but saw 7277852 shares change hands in the recent trading day. The company now has a market cap of 31.06M USD. Its current market price is $3.30, marking an increase of 8.20% compared to the previous close of $3.05. The 52 week high reached by this stock is $18.85 whilst the lowest price level in 52 weeks is $1.15.

Sidus Space Inc (SIDU) has a 20-day trading average at $3.42 and the current price is -82.49% off the 52-week high compared with 186.96% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.50 and its 200-day simple moving average is $2.81. If we look at the stock’s price movements over the week, volatility stands at 25.43%, which increases to 29.88% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 49.68 to suggest the stock is neutral.

The consensus objective for the share price is $10.00, suggesting that the stock has a potential upside of 67.0% over the period.

FactSet Research has provided data showing that 3 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 2 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.

The current price level is -3.44%, 32.20%, and 17.35% away from its SMA20, SMA50, and SMA200 respectively, with the SIDU price moving below the 50-day SMA on current market day. Sidus Space Inc (SIDU) stock is down -29.64% over the week and 134.04% over the past month. Its price is -32.65% year-to-date and -71.65% over the past year.

To reach the target analysts have set, the stock logically needs to grow 67.0 percent from here.

The company has a return on investment of -165.97% and return on equity of -170.63%. The beta has a value of -1.59. Price to book ratio is 1.49 and price to sales ratio is 5.99.