Stardust Power (SDST) Expected to Announce Earnings on Wednesday

Stardust Power (NASDAQ:SDST) is anticipated to release its Q1 2025 earnings data after the market closes on Wednesday, May 14th. Analysts expect Stardust Power to post earnings of ($0.03) per share for the quarter.

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 the consensus estimate of ($0.07) by ($0.14). On average, analysts expect Stardust Power to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Stardust Power Stock Performance

Shares of SDST stock opened at $0.50 on Monday. Stardust Power has a 1-year low of $0.41 and a 1-year high of $28.38. The business has a 50-day moving average of $0.57 and a 200 day moving average of $2.85.

Insider Transactions 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 completion of the transaction, the chief financial officer now owns 161,326 shares of the company’s stock, valued at approximately $109,701.68. This represents a 19.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SDST. Maxim Group began coverage on Stardust Power in a report on Thursday, February 27th. They issued a “buy” rating and a $1.75 price objective for the company. B. Riley upgraded Stardust Power to a “strong-buy” rating in a report on Tuesday, April 8th. Roth Mkm reiterated a “buy” rating and issued a $1.70 price objective (down previously from $4.00) on shares of Stardust Power in a report on Wednesday, April 2nd. Finally, Alliance Global Partners began coverage on Stardust Power in a report on Thursday, February 6th. They issued a “buy” rating and a $5.00 price objective for the company. Three investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $5.11.

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.