5E Advanced Materials (NASDAQ:FEAM) Given Buy Rating at HC Wainwright

HC Wainwright restated their buy rating on shares of 5E Advanced Materials (NASDAQ:FEAM) in a research report released on Friday,Benzinga reports. HC Wainwright currently has a $9.25 price target on the stock.

Several other research analysts have also commented on the company. Maxim Group set a $7.00 price target on 5E Advanced Materials and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of 5E Advanced Materials in a research report on Wednesday, October 8th. Zacks Research raised shares of 5E Advanced Materials to a “hold” rating in a report on Friday, October 10th. Finally, Wall Street Zen upgraded shares of 5E Advanced Materials from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, 5E Advanced Materials has an average rating of “Hold” and an average target price of $8.13.

5E Advanced Materials Price Performance

Shares of 5E Advanced Materials stock traded up $0.01 during trading hours on Friday, hitting $3.91. The company had a trading volume of 59,389 shares, compared to its average volume of 106,416. The company’s 50-day moving average is $4.63 and its two-hundred day moving average is $4.19. The company has a market cap of $87.74 million, a P/E ratio of -0.56 and a beta of 1.60. 5E Advanced Materials has a twelve month low of $2.82 and a twelve month high of $24.84.

5E Advanced Materials (NASDAQ:FEAM) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.07. Sell-side analysts expect that 5E Advanced Materials will post -9.22 EPS for the current year.

Insiders Place Their Bets

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

Institutional Trading of 5E Advanced Materials

Several hedge funds have recently modified their holdings of FEAM. Woodward Diversified Capital LLC acquired a new position in 5E Advanced Materials during the third quarter worth $49,000. Marex Group plc acquired a new position in shares of 5E Advanced Materials during the 2nd quarter worth $665,000. Finally, Hohimer Wealth Management LLC purchased a new position in shares of 5E Advanced Materials in the 3rd quarter valued at 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.