Stardust Power Inc. (NASDAQ:SDST) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Stardust Power Inc. (NASDAQ:SDST) have been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $51.1250.

SDST has been the topic of a number of research analyst reports. Wall Street Zen cut Stardust Power to a “strong sell” rating in a research report on Saturday, September 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Stardust Power in a research report on Wednesday, October 8th.

Institutional Trading of Stardust Power

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Armistice Capital LLC acquired a new stake in shares of Stardust Power during the first quarter worth about $2,134,000. Landscape Capital Management L.L.C. purchased a new position in shares of Stardust Power during the first quarter worth about $160,000. Finally, Warberg Asset Management LLC purchased a new position in shares of Stardust Power during the second quarter worth about $35,000. Institutional investors and hedge funds own 32.79% of the company’s stock.

Stardust Power Price Performance

Stardust Power stock opened at $6.10 on Thursday. Stardust Power has a 1-year low of $1.42 and a 1-year high of $83.00. The stock has a market cap of $51.61 million, a PE ratio of -1.09 and a beta of 0.18. The stock’s fifty day moving average is $3.68 and its two-hundred day moving average is $4.35.

Stardust Power (NASDAQ:SDST) last posted its quarterly earnings results on Wednesday, August 13th. The company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.30). On average, research analysts expect that Stardust Power will post -0.63 earnings per share for the current fiscal year.

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.