5E Advanced Materials (NASDAQ:FEAM) received a price target adjustment from HC Wainwright, which has lowered its estimate from $9.50 to $9.25. This change was detailed in a research report released on Friday. Despite the reduction, HC Wainwright maintains a “buy” rating for the stock, indicating ongoing confidence in the company’s potential.
Several other financial analysts have also recently evaluated 5E Advanced Materials. Maxim Group established a price objective of $7.00 and assigned a “buy” rating in a note published on October 2. Conversely, Wall Street Zen downgraded the stock to a “sell” rating on October 4. Additionally, Weiss Ratings reiterated a “sell (e+)” rating on October 8, while Zacks Research upgraded the company to a “hold” rating on October 10. Currently, two analysts rate the stock as a buy, one as a hold, and one as a sell. According to MarketBeat.com, the consensus rating stands at “hold” with a price target of $8.13.
Investors are closely monitoring the stock’s performance. On Friday, shares of 5E Advanced Materials opened at $3.86. The company’s 50-day simple moving average is $4.62, and the 200-day moving average is $4.20. Over the past year, the stock has experienced a low of $2.82 and a high of $24.84. 5E Advanced Materials currently has a market capitalization of $86.62 million, a price-to-earnings ratio of -0.24, and a beta of 1.60.
In its latest earnings report, announced on November 13, 5E Advanced Materials reported earnings of ($0.51) per share, surpassing analyst expectations of ($0.58) by $0.07. Analysts predict that the company will report an average of -9.22 earnings per share for the current fiscal year.
Recent insider trading activity indicates some optimism regarding the company’s future. On August 25, Director Ascend Global Investment Fund acquired 100,000 shares at an average price of $3.50 per share, amounting to a total investment of $350,000. Following this transaction, the director now holds approximately 7,830,646 shares, valued at around $27.4 million, representing a 1.29% increase in ownership.
Similarly, Director Bep Special Situations IV LLC purchased 100,000 shares on the same day, also at an average price of $3.50, totaling $350,000. This purchase increased their holdings by 1.33% to 7,597,349 shares, valued at approximately $26.6 million. In total, insiders have acquired 203,053 shares worth $710,686 within the last 90 days, with insiders currently holding 0.21% of the company’s stock.
Institutional investors have also shown interest in 5E Advanced Materials. Woodward Diversified Capital LLC purchased a new stake during the third quarter, investing $49,000. Marex Group plc acquired shares valued at about $665,000 in the second quarter, while Hohimer Wealth Management LLC made a new investment worth approximately $785,000 in the third quarter.
5E Advanced Materials, Inc. focuses on exploring and developing mineral properties in both Australia and the United States, primarily targeting borates and lithium deposits. The company holds a 100% interest in the Fort Cady project located in California’s Mojave Desert region. As the market continues to respond to these changes, analysts and investors alike will be watching closely for further developments.