Stardust Power Inc. (NASDAQ:SDST) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Stardust Power Inc. (NASDAQ:SDSTGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $28.1667.

SDST has been the subject of several analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Stardust Power in a research note on Wednesday, October 8th. Wall Street Zen cut Stardust Power to a “strong sell” rating in a report on Saturday, September 13th.

View Our Latest Research Report on Stardust Power

Hedge Funds Weigh In On Stardust Power

A number of hedge funds have recently modified their holdings of SDST. Landscape Capital Management L.L.C. purchased a new position in shares of Stardust Power during the 1st quarter worth $160,000. Armistice Capital LLC purchased a new stake in Stardust Power in the 1st quarter valued at about $2,134,000. Finally, Warberg Asset Management LLC acquired a new position in Stardust Power in the second quarter valued at about $35,000. 32.79% of the stock is currently owned by hedge funds and other institutional investors.

Stardust Power Stock Up 6.4%

NASDAQ SDST opened at $4.15 on Monday. The business’s fifty day simple moving average is $3.88 and its 200-day simple moving average is $4.24. The firm has a market cap of $35.11 million, a PE ratio of -0.74 and a beta of 0.23. Stardust Power has a 52 week low of $1.42 and a 52 week high of $79.70.

Stardust Power (NASDAQ:SDSTGet Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.30). Research analysts expect that Stardust Power will post -0.63 EPS for the current year.

Stardust Power Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Stardust Power (NASDAQ:SDST)

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