The trading price of Stardust Power Inc (NASDAQ:SDST) closed lower on Tuesday, June 17, and closing at $0.18, -52.64% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $28.38 and a 52-week low of $0.37. Over the past month, the stock has lost -73.65% in value.
Stardust Power Inc, whose market valuation is $11.13 million at the time of this writing, is expected to release its quarterly earnings report in July. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest SDST has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that SDST’s price is currently -68.00% off the SMA20 and -67.49% off the SMA50. The RSI metric on the 14-day chart is currently showing 19.22, and weekly volatility stands at 35.49%. When measured over the past 30 days, the indicator reaches 18.36%. Stardust Power Inc (NASDAQ:SDST)’s beta value is currently sitting at 0.32, while the Average True Range indicator is currently displaying 0.08. With analysts defining $12-$12 as the low and high price targets, we arrive at a consensus price target of $12 for the trailing 12-month period. The current price is about -6566.67% off the estimated low and -6566.67% off the forecast high, based on this estimate. Investors will be thrilled if SDST’s share price rises to $12, which is the median consensus price. At that level, SDST’s share price would be -6566.67% below current price.
To see how Stardust Power Inc stock has been performing in comparison to its peers in the industry, here are the numbers: SDST stock’s performance was -52.64% in the latest trading, and -98.42% in the past year.
An evaluation of the daily trading volume of Stardust Power Inc (NASDAQ:SDST) indicates that the 3-month average is 570.34K.
Currently, records show that 57.65 million of the company’s shares remain outstanding. The insiders hold 68.26% of outstanding shares, whereas institutions hold 11.21%. However, since the stock’s price has seen -94.86% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
