Stardust Power (NASDAQ:SDST) Coverage Initiated at Maxim Group

Maxim Group started coverage on shares of Stardust Power (NASDAQ:SDST) in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage set a “buy” rating and a $1.75 price target on the stock. Maxim Group’s price objective points to a potential upside of 138.10% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $13.00 price target on shares of Stardust Power in a research note on Wednesday, December 18th. Alliance Global Partners began coverage on shares of Stardust Power in a research report on Thursday, February 6th. They issued a “buy” rating and a $5.00 price objective on the stock. Finally, Roth Capital raised shares of Stardust Power to a “strong-buy” rating in a research report on Wednesday, November 20th. Three analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Stardust Power presently has a consensus rating of “Buy” and an average price target of $7.94.

Stardust Power Stock Up 3.1 %

Shares of NASDAQ:SDST traded up $0.02 during trading on Thursday, hitting $0.74. 213,375 shares of the company’s stock were exchanged, compared to its average volume of 1,175,849. The firm has a 50-day moving average price of $2.17 and a two-hundred day moving average price of $6.05. Stardust Power has a 1-year low of $0.66 and a 1-year high of $28.38.

Institutional Trading of Stardust Power

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