Stardust Power (NASDAQ:SDST) Now Covered by Roth Mkm

Roth Mkm assumed coverage on shares of Stardust Power (NASDAQ:SDST) in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $13.00 target price on the stock.

Separately, B. Riley started coverage on shares of Stardust Power in a report on Tuesday, October 29th. They issued a “buy” rating and a $12.00 price target for the company.

Stardust Power Trading Down 3.4 %

NASDAQ:SDST opened at $6.80 on Thursday. The company’s 50-day simple moving average is $8.38. Stardust Power has a fifty-two week low of $6.58 and a fifty-two week high of $28.38.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Stardust Power stock. Geode Capital Management LLC bought a new stake in Stardust Power Inc. (NASDAQ:SDST) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 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 and Exchange Commission. 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.