5E Advanced Materials (NASDAQ:FEAM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of 5E Advanced Materials (NASDAQ:FEAM) from a strong sell rating to a sell rating in a research report released on Saturday,Wall Street Zen reports.

Several other equities research analysts have also issued reports on FEAM. HC Wainwright reaffirmed a “buy” rating and set a $3.50 price target (down from $5.50) on shares of 5E Advanced Materials in a report on Tuesday, August 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of 5E Advanced Materials in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, 5E Advanced Materials currently has a consensus rating of “Hold” and an average target price of $5.25.

5E Advanced Materials Stock Performance

Shares of NASDAQ FEAM opened at $1.56 on Friday. The company has a market cap of $64.76 million, a price-to-earnings ratio of -1.16 and a beta of 1.97. 5E Advanced Materials has a 12 month low of $0.90 and a 12 month high of $7.50. The stock has a 50-day moving average price of $1.43 and a two-hundred day moving average price of $1.60.

Hedge Funds Weigh In On 5E Advanced Materials

Institutional investors and hedge funds have recently bought and sold shares of the company. AWM Investment Company Inc. bought a new position in 5E Advanced Materials in the 2nd quarter valued at approximately $4,346,000. Aristides Capital LLC bought a new stake in 5E Advanced Materials during the 1st quarter worth approximately $765,000. Bluescape Energy Partners LLC grew its holdings in 5E Advanced Materials by 7.0% during the 4th quarter. Bluescape Energy Partners LLC now owns 8,130,997 shares of the company’s stock worth $24,800,000 after acquiring an additional 533,648 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in 5E Advanced Materials in the 4th quarter valued at approximately $674,000. Finally, Renaissance Technologies LLC bought a new position in shares of 5E Advanced Materials during the first quarter valued at $268,000.

About 5E Advanced Materials

5E Advanced Materials, Inc develops and manufactures high-performance anode materials for lithium-ion batteries, specializing in silicon-carbon composite solutions. The company’s proprietary processes yield anode materials that deliver enhanced energy density, extended cycle life and faster charge rates compared to conventional graphite anodes. These advanced materials are targeted at electric vehicle manufacturers, consumer electronics producers and grid-scale energy storage providers seeking to improve battery performance and sustainability.

The firm operates a pilot production facility in Harrodsburg, Kentucky, where it carries out research, development and small-scale manufacturing to validate its processes and assess commercial viability.