Stardust Power (NASDAQ:SDST) Now Covered by Analysts at Roth Mkm

Roth Mkm began coverage on shares of Stardust Power (NASDAQ:SDST) in a report issued on Thursday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $13.00 target price on the stock.

Separately, B. Riley assumed coverage on shares of Stardust Power in a report on Tuesday, October 29th. They set a “buy” rating and a $12.00 price objective on the stock.

Stardust Power Trading Down 3.4 %

Stardust Power stock opened at $6.80 on Thursday. The business has a fifty day simple moving average of $8.38. Stardust Power has a 52 week low of $6.58 and a 52 week high of $28.38.

Institutional Investors Weigh In On Stardust Power

A hedge fund recently bought a new stake in Stardust Power stock. Geode Capital Management LLC acquired a new position in shares of Stardust Power Inc. (NASDAQ:SDST) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 108,459 shares of the company’s stock, valued at approximately $883,000. Geode Capital Management LLC owned about 0.23% of Stardust Power at the end of the most recent quarter. 32.79% of the stock is currently owned by hedge funds and other institutional investors.

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.