Analysts Set Stardust Power Inc. (NASDAQ:SDST) Target Price at $28.17

Stardust Power Inc. (NASDAQ:SDST) has been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the company, Marketbeat 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 given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $28.1667.

A number of equities analysts recently issued reports on SDST shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Stardust Power in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Stardust Power to a “strong sell” rating in a research report on Saturday, September 13th.

Hedge Funds Weigh In On Stardust Power

Institutional investors and hedge funds have recently bought and sold shares of the stock. Warberg Asset Management LLC purchased a new stake in Stardust Power in the second quarter worth about $35,000. Landscape Capital Management L.L.C. bought a new position in shares of Stardust Power during the 1st quarter valued at approximately $160,000. Finally, Armistice Capital LLC bought a new position in shares of Stardust Power during the 1st quarter valued at approximately $2,134,000. 32.79% of the stock is currently owned by hedge funds and other institutional investors.

Stardust Power Price Performance

Shares of SDST opened at $3.05 on Tuesday. The firm has a market capitalization of $29.95 million, a P/E ratio of -0.78 and a beta of 0.24. Stardust Power has a one year low of $1.42 and a one year high of $55.00. The business has a fifty day moving average of $3.84 and a 200 day moving average of $3.70.

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