Stardust Power Inc. (NASDAQ:SDST) Receives $28.17 Consensus PT from Brokerages

Stardust Power Inc. (NASDAQ:SDST) has been given an average rating of “Moderate Buy” by the five analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $28.1667.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Stardust Power in a report on Thursday.

Institutional Trading of Stardust Power

A hedge fund recently bought a new stake in Stardust Power stock. Warberg Asset Management LLC purchased a new stake in shares of Stardust Power Inc. (NASDAQ:SDST) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 179,900 shares of the company’s stock, valued at approximately $35,000. Warberg Asset Management LLC owned 0.30% of Stardust Power at the end of the most recent reporting period. 32.79% of the stock is currently owned by institutional investors and hedge funds.

Stardust Power Price Performance

Shares of SDST stock opened at $4.63 on Friday. The business has a 50-day moving average of $3.52 and a 200 day moving average of $3.79. Stardust Power has a 1-year low of $1.42 and a 1-year high of $13.70. The stock has a market capitalization of $45.47 million, a PE ratio of -1.18 and a beta of 0.26.

Stardust Power (NASDAQ:SDST) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.23). Analysts anticipate that Stardust Power will post -0.63 EPS for the current year.

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.