Maxim Group Has Lowered Expectations for 5E Advanced Materials (NASDAQ:FEAM) Stock Price

5E Advanced Materials (NASDAQ:FEAM) had its price objective trimmed by Maxim Group from $23.00 to $12.00 in a research note released on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 5E Advanced Materials in a research note on Saturday, February 1st.

5E Advanced Materials Stock Performance

Shares of NASDAQ:FEAM opened at $4.48 on Wednesday. The stock has a market capitalization of $13.44 million, a P/E ratio of -0.18 and a beta of 1.57. 5E Advanced Materials has a 1-year low of $3.60 and a 1-year high of $57.04. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 35.91. The business has a 50-day moving average price of $10.67 and a two-hundred day moving average price of $12.53.

5E Advanced Materials (NASDAQ:FEAM) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($4.83) earnings per share for the quarter. Equities analysts predict that 5E Advanced Materials will post -9.22 earnings per share for the current year.

Institutional Trading of 5E Advanced Materials

An institutional investor recently raised its position in 5E Advanced Materials stock. Geode Capital Management LLC increased its holdings in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM) by 11.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 487,922 shares of the company’s stock after purchasing an additional 51,668 shares during the quarter. Geode Capital Management LLC owned 0.71% of 5E Advanced Materials worth $264,000 as of its most recent filing with the SEC.

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.