Sidus Space (NASDAQ: SIDU) – At a Critical CrossroadsSidus Space is currently trading at $1.71, placing it in a dangerous zone where it risks falling below NASDAQ's $1.00 minimum bid price requirement. The stock is now ranging between $1.10 and $2.00, with $1.10 as the last strong support level. If this level breaks, the company may face delisting risks, forcing management to take further action, possibly another reverse stock split to maintain compliance.
Previous Reverse Stock Split & Current Risks
On December 19, 2023, Sidus Space conducted a 1-for-100 reverse stock split to push its share price above the minimum threshold. While this action temporarily prevented delisting, the stock has since struggled to attract strong investor confidence. Without new contracts or institutional interest, the company may be forced to consider another reverse split.
Key Levels to Watch
Support Zone: $1.10 (last low) – Falling below this could trigger a downward move toward $1.00, raising the risk of non-compliance with NASDAQ rules.
Resistance Zone: $2.00 – If broken, this could allow Sidus to establish a more stable trading range and regain investor confidence.
Will Sidus Space Need Another Reverse Split?
The company’s future heavily depends on its ability to secure new contracts, attract investors, and demonstrate financial growth. Without positive catalysts, the risk of further stock price deterioration remains high. Investors should closely monitor upcoming earnings reports, strategic partnerships, and any signs of institutional support.
For now, Sidus Space is at a critical inflection point—either it strengthens its position through growth and investment, or it risks another drastic stock adjustment to maintain its NASDAQ listing.
