5E Advanced Materials (NASDAQ:FEAM) Given New $9.25 Price Target at HC Wainwright

5E Advanced Materials (NASDAQ:FEAM) had its price objective decreased by HC Wainwright from $9.50 to $9.25 in a research report released on Friday morning,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

FEAM has been the topic of several other reports. Zacks Research upgraded 5E Advanced Materials to a “hold” rating in a report on Friday, October 10th. Wall Street Zen upgraded 5E Advanced Materials to a “sell” rating in a research note on Saturday, October 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of 5E Advanced Materials in a research note on Wednesday, October 8th. Finally, Maxim Group set a $7.00 price objective on 5E Advanced Materials and gave the company a “buy” rating in a research report on Thursday, October 2nd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, 5E Advanced Materials currently has a consensus rating of “Hold” and an average target price of $8.13.

5E Advanced Materials Price Performance

NASDAQ:FEAM traded down $0.42 during trading hours on Friday, reaching $3.86. 94,068 shares of the company were exchanged, compared to its average volume of 139,621. The firm has a market cap of $86.62 million, a price-to-earnings ratio of -0.24 and a beta of 1.60. The stock has a 50 day simple moving average of $4.62 and a 200 day simple moving average of $4.21. 5E Advanced Materials has a 52-week low of $2.82 and a 52-week high of $24.84.

5E Advanced Materials (NASDAQ:FEAM) last issued its 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. On average, analysts predict that 5E Advanced Materials will post -9.22 EPS for the current fiscal year.

Insider Buying and Selling at 5E Advanced Materials

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

Institutional Investors Weigh In On 5E Advanced Materials

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Woodward Diversified Capital LLC purchased a new stake in shares of 5E Advanced Materials during the third quarter worth $49,000. Marex Group plc bought a new position in 5E Advanced Materials in the 2nd quarter worth approximately $665,000. Finally, Hohimer Wealth Management LLC bought a new stake in 5E Advanced Materials in the 3rd quarter valued at $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.