HC Wainwright Cuts 5E Advanced Materials (NASDAQ:FEAM) Price Target to $9.25

5E Advanced Materials (NASDAQ:FEAM) had its price target reduced by HC Wainwright from $9.50 to $9.25 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also recently issued reports on FEAM. Maxim Group set a $7.00 price objective on 5E Advanced Materials and gave the company a “buy” rating in a research note on Thursday, October 2nd. Wall Street Zen upgraded 5E Advanced Materials to a “sell” rating in a report on Saturday, October 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of 5E Advanced Materials in a research note on Wednesday, October 8th. Finally, Zacks Research raised 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 assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $8.13.

5E Advanced Materials Stock Performance

Shares of FEAM opened at $3.86 on Friday. The company’s 50-day simple moving average is $4.62 and its 200-day simple moving average is $4.20. 5E Advanced Materials has a 1 year low of $2.82 and a 1 year high of $24.84. The stock has a market capitalization of $86.62 million, a PE ratio of -0.24 and a beta of 1.60.

5E Advanced Materials (NASDAQ:FEAM) last announced its earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share for the quarter, topping the consensus estimate of ($0.58) by $0.07. On average, sell-side analysts predict that 5E Advanced Materials will post -9.22 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Ascend Global Investment Fund purchased 100,000 shares of the business’s stock in a transaction on Monday, August 25th. The shares were bought at an average price of $3.50 per share, with a total value of $350,000.00. Following the completion of the transaction, the director directly owned 7,830,646 shares in the company, valued at approximately $27,407,261. This represents a 1.29% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bep Special Situations Iv Llc acquired 100,000 shares of 5E Advanced Materials stock in a transaction on Monday, August 25th. The stock was purchased at an average price of $3.50 per share, with a total value of $350,000.00. Following the purchase, the director 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 disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 203,053 shares of company stock worth $710,686 in the last 90 days. 0.21% of the stock is currently owned by company insiders.

Institutional Trading of 5E Advanced Materials

A number of large investors have recently bought and sold shares of FEAM. Woodward Diversified Capital LLC purchased a new position in 5E Advanced Materials during the 3rd quarter worth $49,000. Marex Group plc acquired a new stake in shares of 5E Advanced Materials during the second quarter worth about $665,000. Finally, Hohimer Wealth Management LLC purchased a new position in shares of 5E Advanced Materials during the third quarter worth about $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.