Analysts Issue Forecasts for Stardust Power FY2025 Earnings

Stardust Power Inc. (NASDAQ:SDST) – Equities research analysts at B. Riley issued their FY2025 EPS estimates for Stardust Power in a research report issued on Tuesday, April 8th. B. Riley analyst N. Giles expects that the company will earn ($0.30) per share for the year. 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.

SDST has been the topic of several other research reports. Maxim Group initiated coverage on Stardust Power in a research note on Thursday, February 27th. They issued a “buy” rating and a $1.75 price target on the stock. Alliance Global Partners began coverage on Stardust Power in a report on Thursday, February 6th. They set a “buy” rating and a $5.00 target price on the stock. Finally, Roth Mkm restated a “buy” rating and issued a $1.70 price target (down from $4.00) on shares of Stardust Power in a research note on Wednesday, April 2nd. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Stardust Power presently has an average rating of “Buy” and a consensus price target of $5.11.

Stardust Power Price Performance

Shares of SDST stock opened at $0.62 on Friday. Stardust Power has a 12-month low of $0.41 and a 12-month high of $28.38. The firm has a fifty day moving average of $0.65 and a 200-day moving average of $3.94.

Stardust Power (NASDAQ:SDST) last released its quarterly earnings data on Thursday, March 27th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.14).

Institutional Trading of Stardust Power

A hedge fund recently bought a new position in Stardust Power stock. Geode Capital Management LLC acquired a new stake in shares of Stardust Power Inc. (NASDAQ:SDST) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 108,459 shares of the company’s stock, valued at approximately $883,000. Geode Capital Management LLC owned approximately 0.23% of Stardust Power at the end of the most recent reporting period. Institutional investors and hedge funds own 32.79% of the company’s stock.

Insider Buying and Selling

In other Stardust Power news, CFO Udaychandra Devasper sold 38,943 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $0.68, for a total value of $26,481.24. Following the transaction, the chief financial officer now directly owns 161,326 shares of the company’s stock, valued at $109,701.68. This represents a 19.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 185,582 shares of company stock worth $117,486. Company insiders own 65.61% 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.