Stardust Power (NASDAQ:SDST) Now Covered by Alliance Global Partners

Investment analysts at Alliance Global Partners began coverage on shares of Stardust Power (NASDAQ:SDST) in a report released on Thursday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $5.00 price target on the stock.

A number of other equities analysts have also commented on SDST. Roth Capital raised Stardust Power to a “strong-buy” rating in a research note on Wednesday, November 20th. Roth Mkm reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Stardust Power in a research note on Wednesday, December 18th. Finally, B. Riley began coverage on shares of Stardust Power in a report on Tuesday, October 29th. They issued a “buy” rating and a $12.00 target price on the stock.

Stardust Power Stock Down 8.5 %

Shares of NASDAQ:SDST opened at $0.81 on Thursday. Stardust Power has a 12-month low of $0.76 and a 12-month high of $28.38. The business has a fifty day simple moving average of $3.91 and a 200 day simple moving average of $7.41.

Institutional Trading of Stardust Power

An institutional investor recently bought a new position in Stardust Power stock. Geode Capital Management LLC purchased a new position in Stardust Power Inc. (NASDAQ:SDST) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 108,459 shares of the company’s stock, valued at approximately $883,000. Geode Capital Management LLC owned approximately 0.23% of Stardust Power as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 32.79% 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.