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

Shares of Stardust Power Inc. (NASDAQ:SDSTGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report 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 Wednesday, October 8th.

Read Our Latest Analysis on Stardust Power

Hedge Funds Weigh In On Stardust Power

An institutional investor recently bought a new position in Stardust Power stock. Warberg Asset Management LLC acquired a new stake in Stardust Power Inc. (NASDAQ:SDSTFree Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 179,900 shares of the company’s stock, valued at approximately $35,000. Warberg Asset Management LLC owned 0.30% of Stardust Power as of its most recent filing with the SEC. 32.79% of the stock is currently owned by institutional investors and hedge funds.

Stardust Power Stock Up 2.0%

Shares of Stardust Power stock opened at $4.02 on Friday. The stock’s fifty day moving average is $3.48 and its 200-day moving average is $3.77. The firm has a market capitalization of $39.48 million, a PE ratio of -1.02 and a beta of 0.26. Stardust Power has a 12-month low of $1.42 and a 12-month high of $23.50.

Stardust Power (NASDAQ:SDSTGet Free Report) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.23). Analysts expect that Stardust Power will post -0.63 EPS for the current year.

Stardust Power Company Profile

(Get Free Report)

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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Analyst Recommendations for Stardust Power (NASDAQ:SDST)

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