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

5E Advanced Materials (NASDAQ:FEAM) had its price objective decreased by equities research analysts at HC Wainwright from $9.50 to $9.25 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s target price points to a potential upside of 130.96% from the company’s previous close.

A number of other research firms have also recently weighed in on FEAM. Maxim Group set a $7.00 price target on 5E Advanced Materials and gave the company a “buy” rating in a research note on Thursday, October 2nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 5E Advanced Materials in a report on Wednesday, October 8th. Wall Street Zen raised shares of 5E Advanced Materials to a “sell” rating in a report on Saturday, October 4th. Finally, Zacks Research upgraded 5E Advanced Materials to a “hold” rating in a report on Friday, October 10th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $8.13.

5E Advanced Materials Trading Down 6.4%

Shares of 5E Advanced Materials stock traded down $0.28 during trading hours on Friday, reaching $4.01. 59,802 shares of the company’s stock were exchanged, compared to its average volume of 72,895. The company has a 50 day moving average of $4.61 and a two-hundred day moving average of $4.22. 5E Advanced Materials has a fifty-two week low of $2.82 and a fifty-two week high of $24.84. The stock has a market cap of $89.89 million, a P/E ratio of -0.25 and a beta of 1.60.

5E Advanced Materials (NASDAQ:FEAM) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.51) EPS for the quarter. As a group, analysts expect that 5E Advanced Materials will post -9.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Trading of 5E Advanced Materials

Several hedge funds have recently modified their holdings of the stock. Woodward Diversified Capital LLC acquired a new stake in 5E Advanced Materials in the third quarter worth $49,000. Hohimer Wealth Management LLC bought a new position in shares of 5E Advanced Materials in the third quarter worth $785,000. Finally, Marex Group plc bought a new position in shares of 5E Advanced Materials in the second quarter worth approximately $665,000.

About 5E Advanced Materials

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.