Stardust Power (SDST) Projected to Post Quarterly Earnings on Thursday

Stardust Power (NASDAQ:SDST) is projected to issue its quarterly earnings data before the market opens on Thursday, March 27th. Analysts expect the company to announce earnings of ($0.07) per share for the quarter.

Stardust Power Price Performance

Shares of Stardust Power stock opened at $0.61 on Thursday. Stardust Power has a 12 month low of $0.53 and a 12 month high of $28.38. The business has a fifty day simple moving average of $1.13 and a two-hundred day simple moving average of $5.16.

Insiders Place Their Bets

In other Stardust Power news, CFO Udaychandra Devasper sold 38,943 shares of Stardust Power stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $0.68, for a total value of $26,481.24. Following the completion of the sale, the chief financial officer now owns 161,326 shares of the company’s stock, valued at approximately $109,701.68. This trade represents a 19.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 185,582 shares of company stock valued at $117,486. Corporate insiders own 65.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SDST shares. Maxim Group started coverage on Stardust Power in a report on Thursday, February 27th. They set a “buy” rating and a $1.75 price target for the company. Roth Mkm restated a “buy” rating and set a $13.00 price target on shares of Stardust Power in a report on Wednesday, December 18th. Roth Capital upgraded Stardust Power to a “strong-buy” rating in a report on Wednesday, November 20th. Finally, Alliance Global Partners started coverage on Stardust Power in a report on Thursday, February 6th. They set a “buy” rating and a $5.00 price target for the company. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $7.94.

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.