Stardust Power (NASDAQ:SDST) Now Covered by Alliance Global Partners

Investment analysts at Alliance Global Partners initiated coverage on shares of Stardust Power (NASDAQ:SDST) in a report issued on Thursday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $5.00 price target on the stock.

A number of other equities analysts also recently issued reports on the stock. Roth Mkm reiterated a “buy” rating and set a $13.00 price objective on shares of Stardust Power in a research note on Wednesday, December 18th. B. Riley began coverage on shares of Stardust Power in a research report on Tuesday, October 29th. They set a “buy” rating and a $12.00 target price for the company. Finally, Roth Capital upgraded shares of Stardust Power to a “strong-buy” rating in a research note on Wednesday, November 20th.

Stardust Power Trading Down 15.2 %

NASDAQ SDST opened at $0.69 on Thursday. The firm’s 50 day moving average price is $3.67 and its 200-day moving average price is $7.31. Stardust Power has a 52-week low of $0.66 and a 52-week high of $28.38.

Institutional Investors Weigh In On Stardust Power

An institutional investor recently bought a new position in Stardust Power stock. Geode Capital Management LLC bought a new stake in Stardust Power Inc. (NASDAQ:SDST) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 108,459 shares of the company’s stock, valued at approximately $883,000. Geode Capital Management LLC owned approximately 0.23% of Stardust Power as of its most recent SEC filing. Institutional investors own 32.79% of the company’s stock.

About Stardust Power

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.