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

Alliance Global Partners began coverage on shares of Stardust Power (NASDAQ:SDST) in a research note issued to investors on Thursday morning, MarketBeat reports. The firm issued a buy rating and a $5.00 price objective on the stock.

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

Stardust Power Price Performance

Shares of SDST stock opened at $0.81 on Thursday. The stock has a 50 day moving average price of $3.79 and a 200 day moving average price of $7.36. Stardust Power has a 52-week low of $0.76 and a 52-week 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 bought a new stake in shares of Stardust Power Inc. (NASDAQ:SDST) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 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 filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.