Stardust Power (NASDAQ:SDST) Receives “Buy” Rating from Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Stardust Power (NASDAQ:SDST) in a research report sent to investors on Wednesday morning,Benzinga reports. Roth Mkm currently has a $1.70 price target on the stock, down from their prior price target of $4.00.

Several other research analysts have also recently weighed in on the company. Maxim Group assumed coverage on Stardust Power in a research report on Thursday, February 27th. They issued a “buy” rating and a $1.75 price objective on the stock. Alliance Global Partners started 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 investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Stardust Power currently has an average rating of “Buy” and an average target price of $5.11.

Stardust Power Trading Up 0.1 %

Stardust Power stock opened at $0.51 on Wednesday. The business’s 50-day moving average price is $0.73 and its two-hundred day moving average price is $4.48. Stardust Power has a 12-month low of $0.41 and a 12-month high of $28.38.

Stardust Power (NASDAQ:SDST) last announced its earnings results on Thursday, March 27th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.14). As a group, equities research analysts forecast that Stardust Power will post -0.63 EPS for the current year.

Insider Activity at Stardust Power

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

Institutional Trading of Stardust Power

An institutional investor recently bought a new position in Stardust Power stock. Geode Capital Management LLC purchased a new position in shares of Stardust Power Inc. (NASDAQ:SDST) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 108,459 shares of the company’s stock, valued at approximately $883,000. Geode Capital Management LLC owned about 0.23% of Stardust Power as of its most recent SEC filing. Institutional investors and hedge funds own 32.79% of the company’s stock.

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.