Wall Street Zen Downgrades 5E Advanced Materials (NASDAQ:FEAM) to Strong Sell

5E Advanced Materials (NASDAQ:FEAM) was downgraded by stock analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research note issued on Saturday.

A number of other equities research analysts have also weighed in on FEAM. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 5E Advanced Materials in a research note on Friday, July 17th. HC Wainwright restated a “buy” rating and issued a $3.50 price objective (down from $5.50) on shares of 5E Advanced Materials in a report on Tuesday, August 4th. Two investment 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. Based on data from MarketBeat.com, 5E Advanced Materials has an average rating of “Hold” and an average price target of $5.25.

5E Advanced Materials Price Performance

Shares of FEAM stock opened at $1.50 on Friday. The stock has a fifty day moving average of $1.41 and a 200 day moving average of $1.74. 5E Advanced Materials has a 52 week low of $0.90 and a 52 week high of $7.50. The firm has a market capitalization of $62.27 million, a price-to-earnings ratio of -1.12 and a beta of 1.90.

5E Advanced Materials (NASDAQ:FEAM) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($0.36) by $0.01. Equities research analysts anticipate that 5E Advanced Materials will post -1.61 earnings per share for the current year.

Hedge Funds Weigh In On 5E Advanced Materials

Institutional investors have recently added to or reduced their stakes in the company. Bluescape Energy Partners LLC boosted its holdings in shares of 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 buying an additional 533,648 shares in the last quarter. Aristides Capital LLC bought a new position in shares of 5E Advanced Materials in the 1st quarter worth about $765,000. Mercer Global Advisors Inc. ADV purchased a new position in 5E Advanced Materials during the 4th quarter valued at about $674,000. Renaissance Technologies LLC purchased a new position in 5E Advanced Materials during the 1st quarter valued at about $268,000. Finally, Marshall Wace LLP bought a new stake in 5E Advanced Materials during the fourth quarter worth about $282,000.

5E Advanced Materials Company Profile

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.