Q1 EPS Estimates for Stardust Power Lifted by Roth Capital

Stardust Power Inc. (NASDAQ:SDST) – Stock analysts at Roth Capital raised their Q1 2025 earnings per share (EPS) estimates for Stardust Power in a research note issued on Wednesday, April 2nd. Roth Capital analyst J. Reagor now anticipates that the company will earn ($0.03) per share for the quarter, up from their previous forecast of ($0.04). The consensus estimate for Stardust Power’s current full-year earnings is ($0.63) per share. Roth Capital also issued estimates for Stardust Power’s Q1 2025 earnings at ($0.03) EPS, Q3 2025 earnings at ($0.02) EPS, Q4 2025 earnings at ($0.04) EPS, Q4 2025 earnings at ($0.04) EPS, FY2025 earnings at ($0.15) EPS, FY2025 earnings at ($0.15) EPS, FY2026 earnings at ($0.19) EPS, FY2026 earnings at ($0.19) EPS, FY2027 earnings at ($0.12) EPS, FY2028 earnings at $0.14 EPS, FY2028 earnings at $0.14 EPS and FY2029 earnings at $0.20 EPS.

Other analysts have also recently issued research reports about the company. Alliance Global Partners started coverage on Stardust Power in a research report on Thursday, February 6th. They set a “buy” rating and a $5.00 target price on the stock. Roth Mkm reiterated a “buy” rating and issued a $1.70 target price (down previously from $4.00) on shares of Stardust Power in a research note on Wednesday. Finally, Maxim Group began coverage on shares of Stardust Power in a report on Thursday, February 27th. They issued a “buy” rating and a $1.75 target price for the company. Three investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $5.11.

Stardust Power Stock Up 0.1 %

Shares of SDST opened at $0.51 on Friday. Stardust Power has a fifty-two week low of $0.41 and a fifty-two week high of $28.38. The company has a 50 day moving average price of $0.73 and a 200-day moving average price of $4.48.

Stardust Power (NASDAQ:SDST) last issued its earnings results on Thursday, March 27th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.14).

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Stardust Power stock. Geode Capital Management LLC purchased a new position in Stardust Power Inc. (NASDAQ:SDST) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 108,459 shares of the company’s stock, valued at approximately $883,000. Geode Capital Management LLC owned 0.23% of Stardust Power at the end of the most recent quarter. Institutional investors own 32.79% of the company’s stock.

Insider Activity

In related news, CFO Udaychandra Devasper sold 38,943 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $0.68, for a total value of $26,481.24. Following the transaction, the chief financial officer now directly owns 161,326 shares of the company’s stock, valued at $109,701.68. This represents a 19.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 185,582 shares of company stock worth $117,486. Insiders own 65.61% of the company’s stock.

About Stardust Power

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.