Stardust Power (NASDAQ:SDST) Receives Hold Rating from Maxim Group

Maxim Group reaffirmed their hold rating on shares of Stardust Power (NASDAQ:SDST) in a research note published on Tuesday,Benzinga reports.

SDST has been the topic of a number of other reports. B. Riley raised shares of Stardust Power to a “strong-buy” rating in a research report on Tuesday, April 8th. Alliance Global Partners initiated coverage on shares of Stardust Power in a research report on Thursday, February 6th. They set a “buy” rating and a $5.00 target price on the stock. Finally, Roth Mkm reissued a “buy” rating and set a $1.70 target price (down from $4.00) on shares of Stardust Power in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $5.11.

Stardust Power Stock Up 9.7%

SDST opened at $0.61 on Tuesday. Stardust Power has a 52-week low of $0.41 and a 52-week high of $28.38. The company has a 50 day moving average of $0.57 and a two-hundred day moving average of $2.55. The company has a market cap of $35.12 million, a P/E ratio of -0.82 and a beta of 0.22.

Stardust Power (NASDAQ:SDST) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03). Research analysts anticipate that Stardust Power will post -0.63 earnings per share for the current year.

Insider Activity at Stardust Power

In related news, CFO Udaychandra Devasper sold 38,943 shares of the company’s 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 sale, the chief financial officer now directly owns 161,326 shares of the company’s stock, valued at $109,701.68. This represents a 19.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 185,582 shares of company stock valued at $117,486 over the last ninety days. Corporate insiders own 65.61% of the company’s stock.

Institutional Trading of Stardust Power

An institutional investor recently bought a new position in Stardust Power stock. Landscape Capital Management L.L.C. bought a new stake in shares of Stardust Power Inc. (NASDAQ:SDST) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 340,114 shares of the company’s stock, valued at approximately $160,000. Landscape Capital Management L.L.C. owned about 0.59% of Stardust Power at the end of the most recent reporting period. Institutional investors 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.