5E Advanced Materials (NASDAQ:FEAM) Stock Rating Upgraded by Wall Street Zen

5E Advanced Materials (NASDAQ:FEAM) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other research analysts have also weighed in on the company. Maxim Group set a $7.00 price objective on 5E Advanced Materials and gave the stock a “buy” rating in a report on Thursday, October 2nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of 5E Advanced Materials in a report on Wednesday, October 8th. HC Wainwright decreased their price objective on shares of 5E Advanced Materials from $9.50 to $9.25 and set a “buy” rating on the stock in a report on Friday. Finally, Zacks Research upgraded shares of 5E Advanced Materials to a “hold” rating in a research report on Friday, October 10th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.13.

5E Advanced Materials Price Performance

Shares of NASDAQ FEAM opened at $3.86 on Friday. The stock has a fifty day moving average price of $4.62 and a 200 day moving average price of $4.20. 5E Advanced Materials has a 1-year low of $2.82 and a 1-year high of $24.84. The company has a market cap of $86.62 million, a PE ratio of -0.24 and a beta of 1.60.

5E Advanced Materials (NASDAQ:FEAM) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.58) by $0.07. Analysts anticipate that 5E Advanced Materials will post -9.22 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Ascend Global Investment Fund acquired 100,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 7,830,646 shares of the company’s stock, valued at approximately $27,407,261. This trade represents a 1.29% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bep Special Situations Iv Llc bought 100,000 shares of the stock in a transaction on Monday, August 25th. The shares were bought at an average price of $3.50 per share, for a total transaction of $350,000.00. Following the acquisition, the director owned 7,597,349 shares in the company, valued at $26,590,721.50. The trade was a 1.33% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 203,053 shares of company stock worth $710,686 in the last ninety days. Insiders own 0.21% of the company’s stock.

Institutional Trading of 5E Advanced Materials

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FEAM. Marex Group plc purchased a new position in 5E Advanced Materials in the 2nd quarter valued at about $665,000. Woodward Diversified Capital LLC purchased a new position in shares of 5E Advanced Materials during the third quarter valued at approximately $49,000. Finally, Hohimer Wealth Management LLC acquired a new stake in 5E Advanced Materials during the third quarter worth approximately $785,000.

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.