5E Advanced Materials’ (FEAM) “Sell (E+)” Rating Reaffirmed at Weiss Ratings

5E Advanced Materials (NASDAQ:FEAM)‘s stock had its “sell (e+)” rating restated by equities research analysts at Weiss Ratings in a research note issued to investors on Saturday,Weiss Ratings reports.

Separately, HC Wainwright assumed coverage on 5E Advanced Materials in a report on Tuesday, September 2nd. They issued a “buy” rating and a $7.50 target price on the stock. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $9.75.

5E Advanced Materials Stock Performance

Shares of NASDAQ:FEAM opened at $3.89 on Friday. The stock’s 50-day moving average is $3.83 and its 200-day moving average is $4.00. The company has a market cap of $87.29 million, a P/E ratio of -0.24 and a beta of 1.54. 5E Advanced Materials has a 52-week low of $2.82 and a 52-week high of $24.84.

Insider Activity at 5E Advanced Materials

In related news, Director Bep Special Situations Iv Llc acquired 100,000 shares of the company’s stock in a transaction on Monday, August 25th. The stock was purchased at an average cost of $3.50 per share, for a total transaction of $350,000.00. Following the completion of the purchase, the director directly owned 7,597,349 shares of the company’s stock, valued at $26,590,721.50. The trade was a 1.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ascend Global Investment Fund bought 100,000 shares of 5E Advanced Materials stock in a transaction dated Monday, August 25th. The stock was purchased at an average price of $3.50 per share, for a total transaction of $350,000.00. Following the purchase, the director directly owned 7,830,646 shares in the company, valued at $27,407,261. This represents a 1.29% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 203,053 shares of company stock valued at $710,686 in the last 90 days. 0.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On 5E Advanced Materials

An institutional investor recently bought a new position in 5E Advanced Materials stock. Marex Group plc purchased a new stake in 5E Advanced Materials, Inc. (NASDAQ:FEAM) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 188,917 shares of the company’s stock, valued at approximately $665,000. Marex Group plc owned approximately 0.94% of 5E Advanced Materials as of its most recent SEC filing.

5E Advanced Materials Company Profile

5E Advanced Materials, Inc engages in the exploration and development of mineral properties in Australia and the United States. The company primarily explores for borates and lithium deposits. It holds 100% interest in the Fort Cady project located in the Mojave Desert region in eastern San Bernardino County, California.