Stardust Power (NASDAQ:SDST) Research Coverage Started at Maxim Group

Maxim Group assumed coverage on shares of Stardust Power (NASDAQ:SDST) in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage issued a buy rating and a $1.75 target price on the stock.

A number of other equities research analysts have also issued reports on the company. Roth Capital raised Stardust Power to a “strong-buy” rating in a research report on Wednesday, November 20th. Roth Mkm reaffirmed a “buy” rating and issued a $13.00 price target on shares of Stardust Power in a research report on Wednesday, December 18th. Finally, Alliance Global Partners began coverage on Stardust Power in a research report on Thursday, February 6th. They issued a “buy” rating and a $5.00 price target on the stock. Three investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Stardust Power currently has a consensus rating of “Buy” and an average price target of $7.94.

Stardust Power Stock Up 2.5 %

SDST stock opened at $0.74 on Thursday. The business’s 50-day moving average is $2.02 and its two-hundred day moving average is $5.93. Stardust Power has a 1 year low of $0.66 and a 1 year high of $28.38.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Stardust Power stock. Geode Capital Management LLC acquired a new stake in Stardust Power Inc. (NASDAQ:SDST) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 108,459 shares of the company’s stock, valued at approximately $883,000. Geode Capital Management LLC owned about 0.23% of Stardust Power as of its most recent filing with the Securities and Exchange Commission. 32.79% of the stock is currently owned by institutional investors and hedge funds.

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.