Maxim Group Begins Coverage on Stardust Power (NASDAQ:SDST)

Maxim Group assumed coverage on shares of Stardust Power (NASDAQ:SDST) in a report issued on Thursday morning,Benzinga reports. The brokerage issued a buy rating and a $1.75 price target on the stock.

Several other brokerages have also commented on SDST. Roth Mkm restated a “buy” rating and set a $13.00 target price on shares of Stardust Power in a research report on Wednesday, December 18th. Alliance Global Partners initiated coverage on Stardust Power in a research report on Thursday, February 6th. They set a “buy” rating and a $5.00 target price on the stock. Finally, Roth Capital upgraded Stardust Power to a “strong-buy” rating in a research report on Wednesday, November 20th. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Stardust Power presently has an average rating of “Buy” and a consensus price target of $7.94.

Stardust Power Price Performance

Shares of SDST stock opened at $0.73 on Thursday. Stardust Power has a 1-year low of $0.66 and a 1-year high of $28.38. The stock has a 50-day moving average of $2.10 and a 200-day moving average of $6.01.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Stardust Power stock. Geode Capital Management LLC bought a new stake in Stardust Power Inc. (NASDAQ:SDST) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 SEC filing. Institutional investors and hedge funds 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.