Stardust Power’s (SDST) “Buy” Rating Reaffirmed at Roth Mkm

Roth Mkm restated their buy rating on shares of Stardust Power (NASDAQ:SDST) in a research report report published on Wednesday morning,Benzinga reports. Roth Mkm currently has a $1.70 price objective on the stock, down from their prior price objective of $4.00.

SDST has been the topic of several other reports. Maxim Group initiated coverage on shares of Stardust Power in a report on Thursday, February 27th. They issued a “buy” rating and a $1.75 target price on the stock. Alliance Global Partners began coverage on Stardust Power in a research report on Thursday, February 6th. They issued a “buy” rating and a $5.00 price objective for the company. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Stardust Power currently has a consensus rating of “Buy” and an average target price of $5.11.

Stardust Power Stock Up 8.6 %

NASDAQ:SDST opened at $0.54 on Wednesday. Stardust Power has a one year low of $0.41 and a one year high of $28.38. The stock has a 50 day moving average price of $0.76 and a 200 day moving average price of $4.59.

Stardust Power (NASDAQ:SDST) last issued its earnings results on Thursday, March 27th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.14). As a group, equities analysts forecast that Stardust Power will post -0.63 earnings per share for the current fiscal year.

Insider Activity at Stardust Power

In other Stardust Power news, CFO Udaychandra Devasper sold 38,943 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $0.68, for a total value of $26,481.24. Following the completion of the transaction, the chief financial officer now owns 161,326 shares of the company’s stock, valued at $109,701.68. This trade represents a 19.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold 185,582 shares of company stock worth $117,486 in the last three months. 65.61% of the stock is owned by company insiders.

Institutional Trading of Stardust Power

An institutional investor recently bought a new position in Stardust Power stock. Geode Capital Management LLC purchased a new position in shares of Stardust Power Inc. (NASDAQ:SDST) in the third quarter, according to the company in its most recent filing with the Securities and 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 reporting period. Hedge funds and other institutional investors own 32.79% of the company’s stock.

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.