5E Advanced Materials (NASDAQ:FEAM) Stock Price Down 5.2% – Here’s Why

5E Advanced Materials, Inc. (NASDAQ:FEAM)’s stock price fell 5.2% during trading on Monday . The stock traded as low as $0.46 and last traded at $0.47. 43,400 shares changed hands during trading, a decline of 74% from the average session volume of 166,750 shares. The stock had previously closed at $0.50.

Analyst Ratings Changes

FEAM has been the topic of several recent research reports. Maxim Group dropped their price target on shares of 5E Advanced Materials from $4.00 to $1.25 and set a “buy” rating on the stock in a research report on Thursday, September 12th. DA Davidson restated a “buy” rating and issued a $10.00 target price on shares of 5E Advanced Materials in a report on Thursday, September 5th.

5E Advanced Materials Stock Down 5.2 %

The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 6.37. The firm has a market capitalization of $32.38 million, a P/E ratio of -0.42 and a beta of 1.92. The stock’s 50-day simple moving average is $0.56 and its 200-day simple moving average is $0.97.

5E Advanced Materials (NASDAQ:FEAM) last released its earnings results on Monday, September 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.16). As a group, research analysts predict that 5E Advanced Materials, Inc. will post -0.4 earnings per share for the current fiscal year.

Institutional Trading of 5E Advanced Materials

A number of large investors have recently added to or reduced their stakes in FEAM. AQR Capital Management LLC bought a new position in shares of 5E Advanced Materials during the 2nd quarter valued at approximately $27,000. Bleakley Financial Group LLC bought a new position in 5E Advanced Materials during the first quarter valued at $42,000. Point72 Asia Singapore Pte. Ltd. bought a new position in 5E Advanced Materials during the second quarter valued at $61,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in 5E Advanced Materials in the second quarter worth $83,000.

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.