Sidus Space Stock Fair Value – Sidus Space Soars After NOAA Approval for Imaging Services
January 4, 2024
☀️Trending News
Sidus Space ($NASDAQ:SIDU), a leading provider of satellite imaging services, has seen its stock soar following the approval of its services from the National Oceanic and Atmospheric Administration (NOAA). This approval paves the way for Sidus Space to become one of the go-to providers of satellite imagery for government, scientific and commercial use. Sidus Space is a publicly traded company that offers a wide range of Earth observation services. These services include satellite imagery, remote sensing, and aerial photography. The company also provides application development, visualization, and digital mapping services.
It allows the company to expand its customer base and increase its competitive edge by providing high-quality images from its satellites. With this approval, Sidus Space is well-positioned to become one of the top providers of satellite imagery in the world. Investors have taken notice and the company’s stock has soared in response.
Price History
On Wednesday, SIDUS SPACE had a great day as its stock soared by 67.0% from its previous closing price of 7.0 to 11.6. This increase in stock price was due to the successful approval of its imaging services by the National Oceanic and Atmospheric Administration (NOAA). This approval will allow SIDUS SPACE to provide high resolution satellite imagery for a variety of commercial and governmental needs.
The company is now better equipped to provide services to those who are in need of accurate weather forecasts, climate tracking, and other related services. With the world becoming increasingly reliant on satellite data, this approval is a major win for SIDUS SPACE and its stockholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sidus Space. More…
| Total Revenues | Net Income | Net Margin |
| 6.95 | -15.15 | -218.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sidus Space. More…
| Operations | Investing | Financing |
| -12.22 | -5.98 | 15.44 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sidus Space. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 17.76 | 9.27 | 0.1 |
Key Ratios Snapshot
Some of the financial key ratios for Sidus Space are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 37.6% | – | -201.2% |
| FCF Margin | ROE | ROA |
| -255.2% | -83.2% | -49.2% |
Analysis – Sidus Space Stock Fair Value
At GoodWhale, we have conducted an analysis of SIDUS SPACE‘s wellbeing. After careful consideration, we have determined that the fair value of SIDUS SPACE share is around $397.1. This figure is calculated by our proprietary Valuation Line. Currently, SIDUS SPACE stock is being traded at just $11.6, which is significantly lower than the fair value of the stock. This suggests that SIDUS SPACE shares are currently being undervalued by 97.1%. We believe that this undervaluation presents a great opportunity for investors. More…
Peers
The space industry is a rapidly growing and highly competitive sector. There are a number of key players in the industry, including Sidus Space Inc, Mooreast Holdings Ltd, Volatus Aerospace Corp, and Apollo Micro Systems Ltd. Each company is striving to gain a competitive edge in the marketplace, and each is working hard to develop new and innovative products and services.
– Mooreast Holdings Ltd ($SGX:1V3)
Moreast Holdings Ltd is a company that primarily focuses on providing services related to the maritime industry. This includes areas such as shipbuilding, ship repair, and marine engineering. The company also has a strong focus on research and development in order to stay ahead of the competition. Moreast Holdings Ltd has a market capitalization of 35.74 million as of 2022. The company’s return on equity is 0.85%.
– Volatus Aerospace Corp ($TSXV:VOL)
Volatus Aerospace Corp is a publicly traded company with a market capitalization of $34.17 million as of 2022. The company has a return on equity of 9.89%. Volatus Aerospace Corp is a leading manufacturer of aircraft parts and components. The company designs, manufactures, and sells aircraft parts and components for use in a variety of applications, including commercial, military, and general aviation. Volatus Aerospace Corp’s products are used in a variety of aircraft, including Boeing, Airbus, and Lockheed Martin.
– Apollo Micro Systems Ltd ($BSE:540879)
Apollo Micro Systems Ltd is an Indian electronics company that specializes in the design and manufacture of high-density printed circuit boards. It has a market cap of 4.51B as of 2022 and a return on equity of 7.72%. The company’s products are used in a variety of applications, including telecommunications, automotive, aerospace, and defense.
Summary
Sidus Space is a provider of imaging services that saw its stock prices soar on the day of its approval from the National Oceanic and Atmospheric Administration (NOAA). This surge in stock price was driven by investor confidence in the company’s ability to provide quality services with a strong return on investment. Sidus Space has also been able to maintain a strong balance sheet over the years, with no indications of any major debt.
Analysts believe that the company will continue to be profitable in the future, making it an attractive option for potential investors. With its NOAA approval and strong financials, Sidus Space is definitely worth considering when looking for a new investment opportunity.
