Q1 EPS Estimates for Stardust Power Increased by Analyst

Stardust Power Inc. (NASDAQ:SDST) – Stock analysts at Roth Capital lifted their Q1 2025 earnings estimates for Stardust Power in a report issued on Wednesday, April 2nd. Roth Capital analyst J. Reagor now anticipates that the company will earn ($0.03) per share for the quarter, up from their prior forecast of ($0.04). The consensus estimate for Stardust Power’s current full-year earnings is ($0.63) per share. Roth Capital also issued estimates for Stardust Power’s Q1 2025 earnings at ($0.03) EPS, Q3 2025 earnings at ($0.02) EPS, Q4 2025 earnings at ($0.04) EPS, Q4 2025 earnings at ($0.04) EPS, FY2025 earnings at ($0.15) EPS, FY2025 earnings at ($0.15) EPS, FY2026 earnings at ($0.19) EPS, FY2026 earnings at ($0.19) EPS, FY2027 earnings at ($0.12) EPS, FY2028 earnings at $0.14 EPS, FY2028 earnings at $0.14 EPS and FY2029 earnings at $0.20 EPS.

Stardust Power (NASDAQ:SDST) last issued its earnings results on Thursday, March 27th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.14).

A number of other equities analysts have also commented on the company. Maxim Group began coverage on Stardust Power in a research note on Thursday, February 27th. They set a “buy” rating and a $1.75 price target for the company. Alliance Global Partners initiated coverage on Stardust Power in a research report on Thursday, February 6th. They set a “buy” rating and a $5.00 target price for the company. Finally, Roth Mkm restated a “buy” rating and issued a $1.70 price target (down previously from $4.00) on shares of Stardust Power in a research report on Wednesday. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $5.11.

Stardust Power Stock Performance

Shares of Stardust Power stock opened at $0.51 on Friday. Stardust Power has a twelve month low of $0.41 and a twelve month high of $28.38. The business has a 50-day moving average price of $0.73 and a 200-day moving average price of $4.48.

Insider Activity at Stardust Power

In other news, CFO Udaychandra Devasper sold 38,943 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 161,326 shares in the company, valued at approximately $109,701.68. This represents a 19.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 185,582 shares of company stock worth $117,486. Company insiders own 65.61% of the company’s stock.

Hedge Funds Weigh In On Stardust Power

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

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.