Roth Capital Increases Earnings Estimates for Stardust Power

Stardust Power Inc. (NASDAQ:SDST) – Stock analysts at Roth Capital lifted their Q1 2025 earnings per share (EPS) estimates for shares of Stardust Power in a research note issued on Wednesday, April 2nd. Roth Capital analyst J. Reagor now anticipates that the company will post earnings per share of ($0.03) for the quarter, up from their prior 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.

SDST has been the subject of a number of other reports. Roth Mkm reissued a “buy” rating and set a $1.70 price objective (down from $4.00) on shares of Stardust Power in a report on Wednesday. Alliance Global Partners initiated 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. Finally, 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 target for the company. Three research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $5.11.

Stardust Power Price Performance

NASDAQ:SDST opened at $0.51 on Friday. Stardust Power has a one year low of $0.41 and a one year high of $28.38. The firm has a 50-day moving average of $0.74 and a 200-day moving average of $4.56.

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

Institutional Investors Weigh In On Stardust Power

An institutional investor recently bought a new position in Stardust Power stock. Geode Capital Management LLC purchased a new stake in shares of Stardust Power Inc. (NASDAQ:SDST) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission. 32.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Stardust Power

In other Stardust Power news, CFO Udaychandra Devasper sold 38,943 shares of the business’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 owns 161,326 shares of the company’s stock, valued at approximately $109,701.68. The trade was a 19.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders sold 185,582 shares of company stock worth $117,486. Insiders own 65.61% 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.