Stardust Power Inc (NASDAQ: SDST) Stock Could Reward Investors With A Loss Of -1639.13%

In the last trading session, 1.21 million shares of the Stardust Power Inc (NASDAQ:SDST) were traded, and its beta was -0.02. Most recently the company’s share price was $0.69, and it changed around -$0.12 or -15.16% from the last close, which brings the market valuation of the company to $36.21M. SDST currently trades at a discount to its 52-week high of $28.38, offering almost -4013.04% off that amount. The share price’s 52-week low was $0.76, which indicates that the current value has fallen by an impressive -10.14% since then. We note from Stardust Power Inc’s average daily trading volume that its 10-day average is 2.68 million shares, with the 3-month average coming to 603.25K.

Stardust Power Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended SDST as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Stardust Power Inc is expected to report earnings per share of 0 for the current quarter.

Stardust Power Inc (NASDAQ:SDST) trade information

Instantly SDST has showed a red trend with a performance of -15.16% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.3700 on recent trading dayincreased the stock’s daily price by 49.64%. The company’s shares are currently down -80.84% year-to-date, but still down -31.40% over the last five days. On the other hand, Stardust Power Inc (NASDAQ:SDST) is -81.90% down in the 30-day period. We can see from the shorts that 0.14 million shares have been sold at a short interest cover period of 3.25 day(s).

The consensus price target as assigned by Wall Street analysts is $12, which translates to bulls needing to increase their stock price by 94.25% from its current value. Analyst projections state that SDST is forecast to be at a low of $12 and a high of $12.