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

Stardust Power (NASDAQ:SDST) will likely be announcing its earnings results after the market closes on Thursday, March 27th. Analysts expect the company to announce earnings of ($0.07) per share for the quarter.

Stardust Power Trading Up 0.9 %

SDST opened at $0.67 on Tuesday. The business’s 50-day moving average is $0.98 and its two-hundred day moving average is $4.98. Stardust Power has a 1 year low of $0.53 and a 1 year high of $28.38.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Roth Mkm reiterated a “buy” rating and set a $13.00 price objective on shares of Stardust Power in a research note on Wednesday, December 18th. Maxim Group started coverage on Stardust Power in a research note on Thursday, February 27th. They issued a “buy” rating and a $1.75 target price for the company. Finally, Alliance Global Partners began coverage on Stardust Power in a research note on Thursday, February 6th. They set a “buy” rating and a $5.00 price target on the stock. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Stardust Power has an average rating of “Buy” and an average target price of $7.94.

Insider Activity

In other Stardust Power news, CFO Udaychandra Devasper sold 38,943 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $0.68, for a total transaction of $26,481.24. Following the completion of the sale, the chief financial officer now owns 161,326 shares of the company’s stock, valued at $109,701.68. This trade represents a 19.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 185,582 shares of company stock worth $117,486 over the last ninety days. Corporate insiders own 65.61% 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.