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

Stardust Power Inc. (NASDAQ:SDST) has been assigned a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings 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 research report on Wednesday, October 8th.

Stardust Power Price Performance

Shares of NASDAQ SDST opened at $3.78 on Friday. The company has a market capitalization of $37.12 million, a price-to-earnings ratio of -0.96 and a beta of 0.26. Stardust Power has a 1-year low of $1.42 and a 1-year high of $24.00. The business has a 50-day moving average of $3.49 and a 200-day moving average of $3.76.

Stardust Power (NASDAQ:SDST) last issued its quarterly earnings data 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). Research analysts expect that Stardust Power will post -0.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Stardust Power

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

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.