FY2024 EPS Estimates for Stardust Power Lowered by B. Riley

Stardust Power Inc. (NASDAQ:SDST) – Equities researchers at B. Riley lowered their FY2024 EPS estimates for Stardust Power in a research note issued to investors 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 previous estimate of ($0.57). B. Riley 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 research analysts have also commented on the stock. Roth Mkm started coverage on shares of Stardust Power in a report on Thursday, November 21st. They issued a “buy” rating and a $13.00 price target for the company. Roth Capital raised Stardust Power to a “strong-buy” rating in a research note on Wednesday, November 20th.

Stardust Power Trading Up 0.9 %

Shares of NASDAQ SDST opened at $6.86 on Monday. Stardust Power has a 1 year low of $6.58 and a 1 year high of $28.38. The business’s fifty day moving average price is $8.28.

Institutional Investors Weigh In On Stardust Power

A hedge fund recently bought a new stake in Stardust Power stock. Geode Capital Management LLC purchased a new position in shares of Stardust Power Inc. (NASDAQ:SDST) during 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 approximately 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 institutional investors.

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.