Is SIDU a good buy?

**Sidus Space, Inc. (SIDU) does not appear to be a good buy at this time**, and here's why: 1. **Financial Performance**: The company reported a significant loss per share of $1.4 for the quarter ending March 31, 2024. This indicates that the company is currently unprofitable, which is a red flag for investors. |Ticker|Name|Basic EPS|Date|code|market_code| |---|---|---|---|---|---| |SIDU.O|Sidus Space|-0.23|2022 Q2|SIDU|186| |SIDU.O|Sidus Space|-0.23|2022 Q3|SIDU|186| |SIDU.O|Sidus Space|-0.2289|2022 Q4|SIDU|186| |SIDU.O|Sidus Space|-11.58|2023 Q1|SIDU|186| |SIDU.O|Sidus Space|-0.07|2023 Q2|SIDU|186| |SIDU.O|Sidus Space|-0.05|2023 Q3|SIDU|186| |SIDU.O|Sidus Space|-3.237|2023 Q4|SIDU|186| |SIDU.O|Sidus Space|-1.4|2024 Q1|SIDU|186| 2. **Valuation Concerns**: The P/E ratio is negative at -0.68, which is not a valid indicator of valuation. This could be due to the company's negative earnings, which makes the P/E ratio calculation impossible. 3. **Return on Equity (ROE)**: The ROE is a negative -31.72%, which suggests that the company is not generating positive returns on shareholders' equity. This is a clear indication of poor profitability. |Ticker|Name|ROE(Average)|Date|code|market_code| |---|---|---|---|---|---| |SIDU.O|Sidus Space|-49.4502|2022 Q2|SIDU|186| |SIDU.O|Sidus Space|-94.2096|2022 Q3|SIDU|186| |SIDU.O|Sidus Space|-176.6731|2022 Q4|SIDU|186| |SIDU.O|Sidus Space|-72.5116|2023 Q1|SIDU|186| |SIDU.O|Sidus Space|-84.6558|2023 Q2|SIDU|186| |SIDU.O|Sidus Space|-178.4102|2023 Q3|SIDU|186| |SIDU.O|Sidus Space|-264.0318|2023 Q4|SIDU|186| |SIDU.O|Sidus Space|-31.7225|2024 Q1|SIDU|186| 4. **Free Cash Flow**: The company has a negative free cash flow of $9.02 million, which indicates that it is not generating positive cash after accounting for capital expenditures. This could be a sign of operational inefficiencies or excessive capital spending. |Ticker|Name|Free Cash Flow|Date|code|market_code| |---|---|---|---|---|---| |SIDU.O|Sidus Space|-1.3410496E7|2022 Q2|SIDU|186| |SIDU.O|Sidus Space|-1.5843279E7|2022 Q3|SIDU|186| |SIDU.O|Sidus Space|-2732015|2022 Q4|SIDU|186| |SIDU.O|Sidus Space|4838241|2023 Q1|SIDU|186| |SIDU.O|Sidus Space|-7367985|2023 Q2|SIDU|186| |SIDU.O|Sidus Space|-8263400|2023 Q3|SIDU|186| |SIDU.O|Sidus Space|-1.6464159E7|2023 Q4|SIDU|186| |SIDU.O|Sidus Space|-9015656|2024 Q1|SIDU|186| 5. **Market Sentiment**: The net fund flow into the stock is positive at $2041.41, which could be seen as a sign of investor interest. However, this needs to be balanced against the company's poor financial performance. 6. **Industry Partnerships**: The company's partnership with NASA Stennis Space Center and L3Harris Technologies is a positive sign, as it indicates government support and collaboration. This could be beneficial for the company's long-term prospects. 7. **Technical Analysis**: The stock has been experiencing a bearish trend, with oscillators indicating a neutral to sell sentiment. This suggests that the stock may not be in a strong buying position at the moment. 8. **Stock Performance**: The stock has experienced a decline after its last earnings report, which could be a reflection of market sentiment. The stock is currently trading below its 50-day, 100-day, and 200-day moving averages, which is a bearish signal. 9. **Long-Term Forecasts**: While some forecasts suggest a potential upside, these are based on historical growth rates and do not take into account the company's current financial situation. It's important to consider the company's current challenges before relying on long-term forecasts. In conclusion, while there are some positive aspects to Sidus Space's story, such as its partnerships and potential for growth, the company's current financial performance and market sentiment suggest that it is not a good buy at this time. Investors should consider the company's financial health and the risks associated with its current trajectory before making investment decisions.