Stardust Power Inc. (NASDAQ:SDST – Free Report) – Research analysts at B. Riley reduced their FY2024 earnings estimates for Stardust Power in a research note issued to investors on Thursday, November 21st. B. Riley analyst M. Key now forecasts that the company will earn ($0.81) per share for the year, down from their previous forecast of ($0.57). B. Riley currently has a “Strong-Buy” rating on the stock. The consensus estimate for Stardust Power’s current full-year earnings is ($0.63) per share. B. Riley also issued estimates for Stardust Power’s Q4 2024 earnings at ($0.09) EPS, FY2025 earnings at ($0.33) EPS and FY2026 earnings at ($0.30) EPS.
A number of other research analysts also recently weighed in on SDST. Roth Capital raised shares of Stardust Power to a “strong-buy” rating in a research report on Wednesday, November 20th. Roth Mkm initiated coverage on shares of Stardust Power in a research note on Thursday, November 21st. They issued a “buy” rating and a $13.00 target price for the company.
Stardust Power Trading Up 0.7 %
Shares of Stardust Power stock opened at $6.91 on Monday. Stardust Power has a 52-week low of $6.58 and a 52-week high of $28.38. The company has a 50 day moving average price of $8.17.
Institutional Trading of Stardust Power
A hedge fund recently bought a new stake in Stardust Power stock. Geode Capital Management LLC acquired a new position in shares of Stardust Power Inc. (NASDAQ:SDST – Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 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 and hedge funds own 32.79% 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.
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