Stardust Power (NASDAQ:SDST) Posts Earnings Results

Stardust Power (NASDAQ:SDST) issued its quarterly earnings data on Friday. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.16, FiscalAI reports.

Stardust Power Stock Down 3.6%

NASDAQ:SDST traded down $0.00 during mid-day trading on Friday, hitting $0.01. 2,941,053 shares of the stock traded hands, compared to its average volume of 22,052,197. The stock has a market capitalization of $113,796.90, a price-to-earnings ratio of -0.00 and a beta of 0.81. Stardust Power has a 52 week low of $0.00 and a 52 week high of $4.87. The firm’s 50 day moving average is $0.07 and its two-hundred day moving average is $1.66.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SDST. Wall Street Zen upgraded shares of Stardust Power from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Stardust Power in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.

Stardust Power Company Profile

Stardust Power Inc. (NASDAQ:SDST) is a development-stage company focused on building a domestic supply chain for battery-grade lithium. The company is developing lithium refining and processing facilities intended to convert lithium feedstocks into products used in electric vehicle batteries, energy-storage systems and other advanced technologies. Stardust Power’s primary project is a planned lithium refinery in Muskogee, Oklahoma. The facility is designed to support the production of battery-grade lithium products, including lithium carbonate, although the project remains subject to development, financing, permitting and construction milestones.