FY2024 EPS Estimates for Stardust Power Lowered by B. Riley

Stardust Power Inc. (NASDAQ:SDST) – B. Riley decreased their FY2024 earnings per share estimates for shares of Stardust Power in a report released on Thursday, November 21st. B. Riley analyst M. Key now forecasts that the company will earn ($0.81) per share for the year, down from their previous estimate of ($0.57). B. Riley currently 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.

A number of other analysts also recently weighed in on SDST. Roth Capital raised shares of Stardust Power to a “strong-buy” rating in a report on Wednesday, November 20th. Roth Mkm began coverage on shares of Stardust Power in a research report on Thursday, November 21st. They set a “buy” rating and a $13.00 target price on the stock.

Stardust Power Stock Performance

Stardust Power stock opened at $6.91 on Monday. The business has a 50-day simple moving average of $8.17. Stardust Power has a 52 week low of $6.58 and a 52 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 acquired a new position in Stardust Power Inc. (NASDAQ:SDST) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 108,459 shares of the company’s stock, valued at approximately $883,000. Geode Capital Management LLC owned 0.23% of Stardust Power as of its most recent SEC filing. Hedge funds and other institutional investors own 32.79% of the company’s stock.

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.