Pablo Cortegoso Sells 123,614 Shares of Stardust Power (NASDAQ:SDST) Stock

Stardust Power Inc. (NASDAQ:SDST – Get Free Report) insider Pablo Cortegoso sold 123,614 shares of the business’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $0.13, for a total transaction of $16,069.82. Following the transaction, the insider owned 462,973 shares in the company, valued at $60,186.49. The trade was a 21.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Stardust Power Trading Up 56.6%

SDST stock traded up $0.09 during mid-day trading on Thursday, reaching $0.25. The company’s stock had a trading volume of 673,078,191 shares, compared to its average volume of 4,757,536. The stock has a market cap of $3.51 million, a PE ratio of -0.14 and a beta of 0.56. Stardust Power Inc. has a fifty-two week low of $0.11 and a fifty-two week high of $7.67. The company’s 50 day moving average is $0.80 and its two-hundred day moving average is $1.84.

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Stardust Power (NASDAQ:SDST – Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported ($0.35) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.04.

Wall Street Analysts Forecast Growth

SDST has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Stardust Power in a research note on Friday, July 17th. Wall Street Zen raised shares of Stardust Power from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

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About Stardust Power

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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.

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