5E Advanced Materials (NASDAQ:FEAM) Lowered to Strong Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of 5E Advanced Materials (NASDAQ:FEAM) from a sell rating to a strong sell rating in a research report sent to investors on Saturday morning.

A number of other analysts have also commented on FEAM. Weiss Ratings reissued a “sell (e+)” rating on shares of 5E Advanced Materials in a report on Friday, July 17th. 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. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.25.

5E Advanced Materials Stock Performance

Shares of NASDAQ FEAM opened at $1.50 on Friday. The firm’s 50 day moving average price is $1.41 and its 200-day moving average price is $1.75. 5E Advanced Materials has a 52-week low of $0.90 and a 52-week high of $7.50. The company has a market cap of $62.27 million, a PE ratio of -1.12 and a beta of 1.90.

5E Advanced Materials (NASDAQ:FEAM) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($0.36) by $0.01. On average, analysts forecast that 5E Advanced Materials will post -1.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On 5E Advanced Materials

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC purchased a new stake in 5E Advanced Materials during the 1st quarter valued at $268,000. Aristides Capital LLC purchased a new position in shares of 5E Advanced Materials in the 1st quarter worth $765,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of 5E Advanced Materials in the fourth quarter worth $674,000. XTX Topco Ltd bought a new stake in shares of 5E Advanced Materials in the fourth quarter worth $124,000. Finally, &PARTNERS purchased a new stake in 5E Advanced Materials during the fourth quarter valued at $191,000.

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.