Weiss Ratings Reaffirms Sell (E+) Rating for Stardust Power (NASDAQ:SDST)

Stardust Power (NASDAQ:SDSTGet Free Report)‘s stock had its “sell (e+)” rating reiterated by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered Stardust Power to a “strong sell” rating in a research report on Saturday, September 13th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.13.

Get Our Latest Analysis on SDST

Stardust Power Price Performance

Shares of NASDAQ SDST opened at $4.18 on Wednesday. The business’s 50 day moving average is $3.58 and its two-hundred day moving average is $4.39. Stardust Power has a 1-year low of $1.42 and a 1-year high of $91.90. The stock has a market capitalization of $35.36 million, a P/E ratio of -0.75 and a beta of 0.18.

Stardust Power (NASDAQ:SDSTGet Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.30). As a group, equities research analysts anticipate that Stardust Power will post -0.63 earnings per share for the current fiscal year.

Institutional Trading of Stardust Power

A number of large investors have recently modified their holdings of the company. Warberg Asset Management LLC purchased a new stake in shares of Stardust Power in the second quarter valued at approximately $35,000. Armistice Capital LLC purchased a new stake in shares of Stardust Power in the first quarter valued at approximately $2,134,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Stardust Power in the first quarter valued at approximately $160,000. Hedge funds and other institutional investors own 32.79% of the company’s stock.

Stardust Power Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Stardust Power (NASDAQ:SDST)

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