Stardust Power Inc. (NASDAQ:SDST - Free Report) - Investment analysts at B. Riley reduced their FY2024 earnings estimates for shares of Stardust Power in a research report issued to clients and investors on Thursday, November 21st. B. Riley analyst M. Key now expects that the company will post earnings of ($0.81) per share for the year, down from their previous estimate 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.
SDST has been the topic of a number of other reports. Roth Mkm initiated coverage on Stardust Power in a report on Thursday. They issued a "buy" rating and a $13.00 price objective on the stock. Roth Capital raised Stardust Power to a "strong-buy" rating in a research note on Wednesday, November 20th.
Check Out Our Latest Analysis on SDST
Stardust Power Price Performance
NASDAQ:SDST traded up $0.06 on Monday, hitting $6.86. The stock had a trading volume of 15,347 shares, compared to its average volume of 87,807. The stock has a fifty day moving average price of $8.38. Stardust Power has a 1-year low of $6.58 and a 1-year high of $28.38.
Institutional Trading of Stardust Power
A hedge fund recently bought a new stake in Stardust Power stock. Geode Capital Management LLC purchased a new position in shares of Stardust Power Inc. (NASDAQ:SDST - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 108,459 shares of the company's stock, valued at approximately $883,000. Geode Capital Management LLC owned 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
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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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