5E Advanced Materials (NASDAQ:FEAM) Price Target Cut to $5.75 by Analysts at HC Wainwright

5E Advanced Materials (NASDAQ:FEAM) had its price target decreased by HC Wainwright from $9.25 to $5.75 in a report issued on Monday,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

Several other equities analysts have also commented on the stock. Wall Street Zen lowered shares of 5E Advanced Materials from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Weiss Ratings restated a “sell (e+)” rating on shares of 5E Advanced Materials in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $6.38.

5E Advanced Materials Stock Performance

NASDAQ:FEAM opened at $1.81 on Monday. The stock has a 50-day simple moving average of $2.69 and a 200-day simple moving average of $3.66. The stock has a market cap of $42.55 million, a P/E ratio of -0.68 and a beta of 1.60. 5E Advanced Materials has a 1 year low of $1.60 and a 1 year high of $7.50.

5E Advanced Materials (NASDAQ:FEAM) last released its quarterly earnings data on Tuesday, February 17th. The company reported ($0.48) EPS for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.07. On average, equities research analysts predict that 5E Advanced Materials will post -9.22 EPS for the current year.

Insider Activity at 5E Advanced Materials

In other 5E Advanced Materials news, Director Bep Special Situations Iv Llc bought 4,000,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was acquired at an average price of $2.00 per share, for a total transaction of $8,000,000.00. Following the completion of the purchase, the director owned 12,130,997 shares of the company’s stock, valued at approximately $24,261,994. This represents a 49.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On 5E Advanced Materials

Institutional investors have recently added to or reduced their stakes in the stock. Bluescape Energy Partners LLC raised its stake in 5E Advanced Materials by 7.0% during the 4th quarter. Bluescape Energy Partners LLC now owns 8,130,997 shares of the company’s stock valued at $24,800,000 after acquiring an additional 533,648 shares during the last quarter. Hohimer Wealth Management LLC acquired a new position in shares of 5E Advanced Materials in the third quarter valued at approximately $785,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of 5E Advanced Materials during the fourth quarter worth approximately $674,000. Marex Group plc purchased a new stake in shares of 5E Advanced Materials during the second quarter worth approximately $665,000. Finally, Marshall Wace LLP acquired a new stake in shares of 5E Advanced Materials during the fourth quarter worth $282,000.

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.