Stardust Power (NASDAQ:SDST – Get Free Report) is expected to be releasing its earnings data after the market closes on Thursday, March 27th. Analysts expect Stardust Power to post earnings of ($0.07) per share for the quarter.
Stardust Power Stock Performance
Shares of SDST opened at $0.69 on Wednesday. The firm’s 50-day moving average is $0.94 and its two-hundred day moving average is $4.93. Stardust Power has a twelve month low of $0.53 and a twelve month high of $28.38.
Analyst Ratings Changes
Several analysts have issued reports on SDST shares. Maxim Group started coverage on shares of Stardust Power in a report on Thursday, February 27th. They issued a “buy” rating and a $1.75 price target on the stock. Alliance Global Partners assumed coverage on Stardust Power in a research note on Thursday, February 6th. They issued a “buy” rating and a $5.00 price target on the stock. Finally, Roth Mkm reissued a “buy” rating and set a $13.00 price target on shares of Stardust Power in a research report on Wednesday, December 18th. 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, the stock presently has a consensus rating of “Buy” and a consensus target price of $7.94.
Insider Buying and Selling
In other Stardust Power news, CFO Udaychandra Devasper sold 38,943 shares of Stardust Power stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $0.68, for a total value of $26,481.24. Following the completion of the transaction, the chief financial officer now owns 161,326 shares of the company’s stock, valued at $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 SEC, which is available through this link. Insiders have sold 185,582 shares of company stock valued at $117,486 in the last quarter. Company insiders own 65.61% 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.
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