Stardust Power (NASDAQ:SDST) Stock Rating Upgraded by Roth Capital

Roth Capital upgraded shares of Stardust Power (NASDAQ:SDSTFree Report) to a strong-buy rating in a report issued on Wednesday morning,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. B. Riley began coverage on shares of Stardust Power in a report on Tuesday, October 29th. They set a “buy” rating and a $12.00 price objective for the company. Roth Mkm assumed coverage on shares of Stardust Power in a research report on Thursday. They set a “buy” rating and a $13.00 target price for the company.

View Our Latest Analysis on SDST

Stardust Power Price Performance

NASDAQ SDST opened at $6.80 on Wednesday. The stock has a 50-day simple moving average of $8.38. Stardust Power has a twelve month low of $6.58 and a twelve month high of $28.38.

Institutional Investors Weigh In On Stardust Power

A hedge fund recently bought a new stake in Stardust Power stock. Geode Capital Management LLC acquired a new position in Stardust Power Inc. (NASDAQ:SDSTFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 108,459 shares of the company’s stock, valued at approximately $883,000. Geode Capital Management LLC owned about 0.23% of Stardust Power at the end of the most recent reporting period. 32.79% of the stock is currently owned by hedge funds and other institutional investors.

About Stardust Power

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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.

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