Stardust Power Inc. (NASDAQ:SDST – Free Report) – Research analysts at B. Riley decreased their FY2024 earnings estimates for shares of Stardust Power in a research note issued on Thursday, November 21st. B. Riley analyst M. Key now forecasts that the company will post earnings per share of ($0.81) for the year, down from their prior forecast of ($0.57). B. Riley has a “Strong-Buy” rating on the stock. The consensus estimate for Stardust Power’s current full-year earnings is ($0.57) 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.
A number of other brokerages have also recently commented on SDST. Roth Capital raised Stardust Power to a “strong-buy” rating in a research note on Wednesday, November 20th. Roth Mkm assumed coverage on shares of Stardust Power in a report on Thursday. They issued a “buy” rating and a $13.00 target price on the stock.
Stardust Power Trading Down 3.4 %
SDST opened at $6.80 on Monday. Stardust Power has a 12 month low of $6.58 and a 12 month high of $28.38. The business has a 50-day moving average of $8.38.
Institutional Investors Weigh In On Stardust Power
A hedge fund recently bought a new stake in Stardust Power stock. Geode Capital Management LLC purchased a new position in Stardust Power Inc. (NASDAQ:SDST – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 108,459 shares of the company’s stock, valued at approximately $883,000. Geode Capital Management LLC owned approximately 0.23% of Stardust Power at the end of the most recent reporting period. 32.79% of the stock is currently owned by hedge funds and other institutional investors.
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.
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