Stardust Power Inc. (NASDAQ:SDST) Receives $51.13 Average Price Target from Brokerages

Shares of Stardust Power Inc. (NASDAQ:SDSTGet Free Report) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $51.1250.

Several equities analysts have commented on SDST shares. Wall Street Zen downgraded Stardust Power to a “strong sell” rating in a report on Saturday, September 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Stardust Power in a report on Wednesday, October 8th.

View Our Latest Research Report on SDST

Stardust Power Stock Up 33.5%

Shares of SDST stock opened at $5.14 on Thursday. Stardust Power has a 12 month low of $1.42 and a 12 month high of $83.70. The business’s 50 day moving average is $3.58 and its two-hundred day moving average is $4.32. The company has a market cap of $43.48 million, a PE ratio of -0.92 and a beta of 0.18.

Stardust Power (NASDAQ:SDSTGet Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.30) by ($0.30). As a group, equities analysts expect that Stardust Power will post -0.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Stardust Power

Hedge funds and other institutional investors have recently modified their holdings of the stock. Warberg Asset Management LLC acquired a new stake in shares of Stardust Power in the second quarter worth $35,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Stardust Power in the first quarter worth $160,000. Finally, Armistice Capital LLC acquired a new stake in shares of Stardust Power in the first quarter worth $2,134,000. Institutional investors and hedge funds own 32.79% of the company’s stock.

Stardust Power Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Stardust Power (NASDAQ:SDST)

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