Key Points
- CFO Udaychandra Devasper sold 3,927 shares at an average price of $3.49 on December 15, generating about $13,705 and reducing his stake by 5.42% to 68,558 shares, as disclosed in an SEC filing.
- SDST traded near $3.40 (50‑day avg $4.09, 200‑day avg $3.81) with a market cap of about $33.3M and a negative P/E, and the company reported EPS of ($0.53) on November 13, missing consensus of ($0.30).
- Analyst and investor sentiment is mixed: the MarketBeat consensus is a "Moderate Buy" with a $28.17 target, but some firms have issued sell or "strong sell" ratings, and institutional investors hold roughly 32.8% of the stock.
Stardust Power Inc. (NASDAQ:SDST - Get Free Report) CFO Udaychandra Devasper sold 3,927 shares of the firm's stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $3.49, for a total value of $13,705.23. Following the sale, the chief financial officer owned 68,558 shares in the company, valued at $239,267.42. The trade was a 5.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Stardust Power Price Performance
SDST stock traded up $0.11 during mid-day trading on Thursday, hitting $3.40. 11,395 shares of the stock were exchanged, compared to its average volume of 395,518. The business has a fifty day moving average price of $4.09 and a 200 day moving average price of $3.81. Stardust Power Inc. has a 12 month low of $1.42 and a 12 month high of $55.00. The stock has a market capitalization of $33.33 million, a price-to-earnings ratio of -0.86 and a beta of 0.24.
Stardust Power (NASDAQ:SDST - Get Free Report) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.53) earnings per share for the quarter, missing analysts' consensus estimates of ($0.30) by ($0.23). As a group, equities analysts forecast that Stardust Power Inc. will post -0.63 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on SDST shares. Wall Street Zen cut shares of Stardust Power to a "strong sell" rating in a research report on Saturday, September 13th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Stardust Power in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $28.17.
View Our Latest Research Report on Stardust Power
Institutional Investors Weigh In On Stardust Power
Several institutional investors have recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. bought a new position in shares of Stardust Power during the first quarter valued at about $160,000. Armistice Capital LLC bought a new stake in shares of Stardust Power in the first quarter worth about $2,134,000. Finally, Warberg Asset Management LLC purchased a new position in Stardust Power during the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 32.79% of the company's stock.
About Stardust Power
(
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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