Stardust Power (SDST) Expected to Announce Quarterly Earnings on Thursday

Stardust Power (NASDAQ:SDST) is expected to post its quarterly earnings results after the market closes on Thursday, March 27th. Analysts expect Stardust Power to post earnings of ($0.07) per share for the quarter.

Stardust Power Price Performance

Shares of NASDAQ SDST opened at $0.67 on Tuesday. The stock’s 50-day simple moving average is $0.98 and its 200-day simple moving average is $4.98. Stardust Power has a fifty-two week low of $0.53 and a fifty-two week high of $28.38.

Insiders Place Their Bets

In other Stardust Power news, CFO Udaychandra Devasper sold 38,943 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $0.68, for a total transaction of $26,481.24. Following the sale, the chief financial officer now owns 161,326 shares in the company, valued at $109,701.68. This represents a 19.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 185,582 shares of company stock worth $117,486 in the last quarter. 65.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on SDST. Roth Mkm reissued a “buy” rating and issued a $13.00 target price on shares of Stardust Power in a report on Wednesday, December 18th. Maxim Group assumed coverage on Stardust Power in a research report on Thursday, February 27th. They set a “buy” rating and a $1.75 price target on the stock. Finally, Alliance Global Partners assumed coverage on Stardust Power in a report on Thursday, February 6th. They issued a “buy” rating and a $5.00 price objective for the company. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $7.94.

Stardust Power Company Profile

Stardust Power Inc is a vertically-integrated lithium refinery that engages in producing battery-grade lithium. The company was founded in 2022 and is based in Greenwich, Connecticut.