Stardust Power Inc. (NASDAQ:SDST – Free Report) – Investment analysts at Roth Capital issued their FY2024 earnings estimates for shares of Stardust Power in a research note issued to investors on Wednesday, November 20th. Roth Capital analyst J. Reagor anticipates that the company will earn ($0.45) per share for the year. Roth Capital currently has a “Strong-Buy” rating on the stock. The consensus estimate for Stardust Power’s current full-year earnings is ($0.57) per share. Roth Capital also issued estimates for Stardust Power’s Q4 2024 earnings at ($0.04) EPS, Q1 2025 earnings at ($0.04) EPS, Q2 2025 earnings at ($0.04) EPS, Q3 2025 earnings at ($0.27) EPS, Q4 2025 earnings at ($0.27) EPS, FY2025 earnings at ($0.68) EPS, FY2026 earnings at ($1.14) EPS, FY2027 earnings at ($0.73) EPS and FY2028 earnings at $0.68 EPS.
Other equities analysts have also issued reports about the company. B. Riley initiated coverage on Stardust Power in a research report on Tuesday, October 29th. They issued a “buy” rating and a $12.00 price objective for the company. Roth Mkm initiated coverage on shares of Stardust Power in a research report on Thursday. They set a “buy” rating and a $13.00 price objective for the company.
Stardust Power Stock Down 3.4 %
NASDAQ:SDST opened at $6.80 on Monday. The firm has a 50-day simple moving average of $8.38. Stardust Power has a 1 year low of $6.58 and a 1 year high of $28.38.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Stardust Power stock. Geode Capital Management LLC bought a new stake in Stardust Power Inc. (NASDAQ:SDST – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 108,459 shares of the company’s stock, valued at approximately $883,000. Geode Capital Management LLC owned about 0.23% of Stardust Power as of its most recent filing with the Securities and Exchange Commission (SEC). 32.79% of the stock is currently owned by institutional investors and hedge funds.
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.
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