Stardust Power (SDST) Projected to Post Quarterly Earnings on Thursday

Stardust Power (NASDAQ:SDST) is expected to be issuing its quarterly earnings data before the market opens on Thursday, March 27th. Analysts expect the company to announce earnings of ($0.07) per share for the quarter.

Stardust Power Stock Up 0.5 %

Shares of SDST opened at $0.61 on Thursday. Stardust Power has a one year low of $0.53 and a one year high of $28.38. The business has a fifty day moving average of $1.13 and a 200 day moving average of $5.16.

Insider Buying and Selling at Stardust Power

In other news, CFO Udaychandra Devasper sold 38,943 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $0.68, for a total value of $26,481.24. Following the transaction, the chief financial officer now directly owns 161,326 shares in the company, valued at $109,701.68. The trade was a 19.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders sold 185,582 shares of company stock valued at $117,486. Company insiders own 65.61% of the company’s stock.

Wall Street Analysts Forecast Growth

SDST has been the subject of several research analyst reports. Roth Capital raised Stardust Power to a “strong-buy” rating in a report on Wednesday, November 20th. Roth Mkm reissued a “buy” rating and set a $13.00 price target on shares of Stardust Power in a report on Wednesday, December 18th. Alliance Global Partners started coverage on Stardust Power in a report on Thursday, February 6th. They set a “buy” rating and a $5.00 price target for the company. Finally, Maxim Group started coverage on Stardust Power in a report on Thursday, February 27th. They set a “buy” rating and a $1.75 price target for the company. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Stardust Power has a consensus rating of “Buy” and a consensus target price of $7.94.

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.