Stardust Power (SDST) Expected to Announce Earnings on Wednesday

Stardust Power (NASDAQ:SDST) is projected to post its Q1 2025 quarterly earnings results after the market closes on Wednesday, May 14th. Analysts expect Stardust Power to post earnings of ($0.03) per share for the quarter.

Stardust Power (NASDAQ:SDST) last posted its quarterly earnings results on Thursday, March 27th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.14). On average, analysts expect Stardust Power to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Stardust Power Price Performance

NASDAQ:SDST opened at $0.50 on Monday. Stardust Power has a 52-week low of $0.41 and a 52-week high of $28.38. The stock has a fifty day moving average of $0.57 and a 200 day moving average of $2.85.

Insiders Place Their Bets

In other Stardust Power news, CFO Udaychandra Devasper sold 38,943 shares of Stardust Power stock in a transaction dated Thursday, March 6th. The stock was 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. The trade was a 19.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 185,582 shares of company stock valued at $117,486 over the last 90 days. Insiders own 65.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. B. Riley raised Stardust Power to a “strong-buy” rating in a research note on Tuesday, April 8th. Alliance Global Partners assumed coverage on Stardust Power in a research note on Thursday, February 6th. They set a “buy” rating and a $5.00 price objective for the company. Maxim Group assumed coverage on Stardust Power in a research note on Thursday, February 27th. They set a “buy” rating and a $1.75 price objective for the company. Finally, Roth Mkm reissued a “buy” rating and set a $1.70 price objective (down previously from $4.00) on shares of Stardust Power in a research note on Wednesday, April 2nd. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $5.11.

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.