Stardust Power (NASDAQ:SDST) Now Covered by Analysts at Maxim Group

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

Other equities analysts have also recently issued research reports about the company. Roth Mkm reissued a “buy” rating and set a $13.00 price target on shares of Stardust Power in a report on Wednesday, December 18th. Alliance Global Partners began coverage on Stardust Power in a report on Thursday, February 6th. They issued a “buy” rating and a $5.00 target price for the company. Finally, Roth Capital raised Stardust Power to a “strong-buy” rating in a report on Wednesday, November 20th. Three investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Stardust Power presently has an average rating of “Buy” and an average target price of $7.94.

Stardust Power Price Performance

Stardust Power stock opened at $0.73 on Thursday. Stardust Power has a 52 week low of $0.66 and a 52 week high of $28.38. The stock has a fifty day moving average of $2.10 and a 200-day moving average of $6.01.

Institutional Investors Weigh In On Stardust Power

A hedge fund recently bought a new stake in Stardust Power stock. Geode Capital Management LLC purchased a new stake in Stardust Power Inc. (NASDAQ:SDST) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 108,459 shares of the company’s stock, valued at approximately $883,000. Geode Capital Management LLC owned 0.23% of Stardust Power at the end of the most recent quarter. 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.