Stardust Power (SDST) Expected to Announce Quarterly Earnings on Thursday

Stardust Power (NASDAQ:SDST) is expected to be posting its quarterly earnings results after the market closes on Thursday, March 27th. Analysts expect Stardust Power to post earnings of ($0.07) per share for the quarter.

Stardust Power Stock Performance

NASDAQ SDST opened at $0.69 on Wednesday. Stardust Power has a 52 week low of $0.53 and a 52 week high of $28.38. The company has a 50-day moving average price of $0.94 and a two-hundred day moving average price of $4.93.

Insider Buying and Selling at Stardust Power

In other Stardust Power news, CFO Udaychandra Devasper sold 38,943 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $0.68, for a total transaction 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. The trade was a 19.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 185,582 shares of company stock worth $117,486 over the last three months. Corporate insiders own 65.61% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on SDST shares. Maxim Group started coverage on Stardust Power in a research note on Thursday, February 27th. They issued a “buy” rating and a $1.75 price target for the company. Alliance Global Partners assumed coverage on shares of Stardust Power in a research report on Thursday, February 6th. They issued a “buy” rating and a $5.00 price target for the company. Finally, Roth Mkm reaffirmed a “buy” rating and set a $13.00 target price on shares of Stardust Power in a research note on Wednesday, December 18th. Three investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $7.94.

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.