Key Points
- Insider sale: Pablo Cortegoso sold 123,614 Stardust Power shares for $16,069.82 under a pre-arranged Rule 10b5-1 plan, reducing his direct ownership by 21.07% to 462,973 shares.
- Stock performance and financials: SDST was trading at $0.25 after reportedly rising 57.6%, with a market capitalization of $3.53 million. The company posted a quarterly loss of $0.35 per share, beating the $0.39 loss estimate.
- Analyst sentiment remains negative: Coverage from Wall Street Zen and Weiss Ratings carries Sell-related ratings, while MarketBeat reports an average analyst rating of “Sell.”
Stardust Power Inc. (NASDAQ:SDST - Get Free Report) insider Pablo Cortegoso sold 123,614 shares of Stardust Power stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $0.13, for a total value of $16,069.82. Following the completion of the transaction, the insider directly owned 462,973 shares in the company, valued at $60,186.49. This represents a 21.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Stardust Power Trading Up 57.6%
SDST stock opened at $0.25 on Friday. Stardust Power Inc. has a one year low of $0.11 and a one year high of $7.67. The firm has a 50-day moving average of $0.77 and a two-hundred day moving average of $1.82. The firm has a market capitalization of $3.53 million, a PE ratio of -0.14 and a beta of 0.56.
Stardust Power (NASDAQ:SDST - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported ($0.35) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.04.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on SDST. Wall Street Zen raised Stardust Power from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 15th. Weiss Ratings reissued a "sell (e+)" rating on shares of Stardust Power in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of "Sell".
Get Our Latest Analysis on Stardust Power
About Stardust Power
(
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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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