Roth Capital Estimates Stardust Power FY2024 Earnings

Stardust Power Inc. (NASDAQ:SDST) – Equities researchers at Roth Capital issued their FY2024 earnings per share estimates for shares of Stardust Power in a research report issued on Wednesday, November 20th. Roth Capital analyst J. Reagor anticipates that the company will post earnings per share of ($0.45) for the year. Roth Capital currently has a “Strong-Buy” rating on the stock. The consensus estimate for Stardust Power’s current full-year earnings is ($0.63) per share. Roth Capital also issued estimates for Stardust Power’s Q4 2024 earnings at ($0.04) EPS, Q1 2025 earnings at ($0.04) EPS, Q2 2025 earnings at ($0.04) EPS, Q3 2025 earnings at ($0.27) EPS, Q4 2025 earnings at ($0.27) EPS, FY2025 earnings at ($0.68) EPS, FY2026 earnings at ($1.14) EPS, FY2027 earnings at ($0.73) EPS and FY2028 earnings at $0.68 EPS.

Several other equities analysts have also weighed in on the stock. B. Riley began coverage on shares of Stardust Power in a report on Tuesday, October 29th. They issued a “buy” rating and a $12.00 price objective on the stock. Roth Mkm started coverage on shares of Stardust Power in a research note on Thursday, November 21st. They issued a “buy” rating and a $13.00 price target on the stock.

Stardust Power Price Performance

NASDAQ SDST opened at $6.91 on Monday. The business’s 50 day moving average price is $8.17. Stardust Power has a 1-year low of $6.58 and a 1-year high of $28.38.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Stardust Power stock. Geode Capital Management LLC purchased a new stake in Stardust Power Inc. (NASDAQ:SDST) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 108,459 shares of the company’s stock, valued at approximately $883,000. Geode Capital Management LLC owned 0.23% of Stardust Power at the end of the most recent quarter. Institutional investors own 32.79% of the company’s stock.

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.