Sidus Space (SIDU, Financial) has secured a Notice of Allowance from the U.S. Patent and Trademark Office for their U.S. Patent Application Serial No. 17/828,233. This application, titled “System for a Modular Satellite Testing Platform,” focuses on the structural aspects of the company's LizzieSat Satellite platform.
The patent is expected to significantly bolster the mission flexibility and scalability of the LizzieSat platform. This development represents a strategic enhancement for Sidus Space as it continues to innovate in satellite technology, allowing for more versatile and efficient testing processes.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Sidus Space Inc (SIDU, Financial) is $10.00 with a high estimate of $10.00 and a low estimate of $10.00. The average target implies an upside of 575.68% from the current price of $1.48. More detailed estimate data can be found on the Sidus Space Inc (SIDU) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Sidus Space Inc's (SIDU, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Sidus Space Inc (SIDU, Financial) in one year is $21.43, suggesting a upside of 1347.97% from the current price of $1.48. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Sidus Space Inc (SIDU) Summary page.
