Stardust Power (NASDAQ:SDST) Posts Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Stardust Power (NASDAQ:SDST) announced its quarterly earnings data on Friday. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.16, FiscalAI reports.

Stardust Power Trading Down 3.6%

Stardust Power stock traded down $0.00 during midday trading on Friday, reaching $0.01. The company’s stock had a trading volume of 2,941,053 shares, compared to its average volume of 22,047,936. The stock has a market cap of $113,796.90, a PE ratio of -0.00 and a beta of 0.81. Stardust Power has a 52 week low of $0.00 and a 52 week high of $4.87. The business has a 50-day moving average price of $0.07 and a 200-day moving average price of $1.68.

Analysts Set New Price Targets

SDST has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Stardust Power in a research note on Thursday, October 15th. Wall Street Zen raised Stardust Power from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

About Stardust Power

Stardust Power Inc. (NASDAQ:SDST) is a development-stage company focused on building a domestic supply chain for battery-grade lithium. The company is developing lithium refining and processing facilities intended to convert lithium feedstocks into products used in electric vehicle batteries, energy-storage systems and other advanced technologies. Stardust Power’s primary project is a planned lithium refinery in Muskogee, Oklahoma. The facility is designed to support the production of battery-grade lithium products, including lithium carbonate, although the project remains subject to development, financing, permitting and construction milestones.