FY2024 EPS Estimates for Stardust Power Decreased by Analyst

Stardust Power Inc. (NASDAQ:SDST) – Investment analysts at B. Riley cut their FY2024 earnings estimates for Stardust Power in a research report issued on Thursday, November 21st. B. Riley analyst M. Key now expects that the company will earn ($0.81) per share for the year, down from their prior forecast of ($0.57). B. Riley 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. B. Riley also issued estimates for Stardust Power’s Q4 2024 earnings at ($0.09) EPS, FY2025 earnings at ($0.33) EPS and FY2026 earnings at ($0.30) EPS.

Several other equities analysts also recently weighed in on the company. Roth Mkm initiated coverage on Stardust Power in a research report on Thursday, November 21st. They set a “buy” rating and a $13.00 target price on the stock. Roth Capital raised shares of Stardust Power to a “strong-buy” rating in a research note on Wednesday, November 20th.

Stardust Power Price Performance

Shares of SDST opened at $6.86 on Monday. The business has a fifty day moving average price of $8.28. Stardust Power has a one year low of $6.58 and a one year high of $28.38.

Hedge Funds Weigh In On Stardust Power

An institutional investor recently bought a new position in Stardust Power stock. Geode Capital Management LLC purchased a new stake in shares of Stardust Power Inc. (NASDAQ:SDST) in the 3rd quarter, according to 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 about 0.23% of Stardust Power as of its most recent filing with the Securities & Exchange Commission. 32.79% of the stock is currently owned by hedge funds and other institutional investors.

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.