HC Wainwright has reduced its price target for 5E Advanced Materials (NASDAQ: FEAM) from $9.50 to $9.25, as stated in a research report published on Friday. Despite this adjustment, HC Wainwright maintains a “buy” rating for the stock, reflecting ongoing confidence in the company’s potential.
This revision comes amid a series of mixed evaluations from various analysts. On October 2, Maxim Group set a price objective of $7.00 on 5E Advanced Materials while also issuing a “buy” rating. Conversely, Wall Street Zen downgraded the company to a “sell” rating on October 4. Weiss Ratings reiterated a “sell (e+)” rating on October 8, while Zacks Research upgraded 5E Advanced Materials to a “hold” rating on October 10. Currently, there are two analysts rating the stock as a “buy,” one as a “hold,” and one as a “sell.” According to data from MarketBeat.com, the consensus rating for the company is “hold” with a consensus price target of $8.13.
Stock Performance and Insider Activity
On Friday, shares of 5E Advanced Materials opened at $3.86. The company’s stock has experienced volatility, with a one-year low of $2.82 and a high of $24.84. Its market capitalization stands at $86.62 million, with a price-to-earnings (PE) ratio of -0.24 and a beta of 1.60. The 50-day simple moving average is currently $4.62, while the 200-day average is $4.20.
In terms of recent financial performance, 5E Advanced Materials reported earnings results on November 13, announcing a loss of $0.51 per share for the quarter. This figure surpassed analysts’ expectations of $0.58 loss by $0.07. Analysts project that the company will post an average loss of -9.22 earnings per share for the current year.
Recently, insider activity has also drawn attention. On August 25, Director Ascend Global Investment Fund acquired 100,000 shares at an average price of $3.50 per share, totaling $350,000. Following this transaction, the director holds 7,830,646 shares, valued at approximately $27.41 million, marking a 1.29% increase in their holdings. Similarly, Director Bep Special Situations IV LLC purchased an equal number of shares on the same day, also at an average price of $3.50, which increased their holdings by 1.33%.
Institutional Investment Trends
The recent trading activity also reflects interest from institutional investors. Woodward Diversified Capital LLC acquired a new position in 5E Advanced Materials valued at $49,000 during the third quarter. Marex Group plc made a more significant investment, purchasing a stake worth approximately $665,000 in the second quarter, while Hohimer Wealth Management LLC bought into the company with an investment of about $785,000 during the third quarter.
5E Advanced Materials, Inc. is engaged in the exploration and development of mineral properties in Australia and the United States, primarily focusing on borates and lithium deposits. The company holds a 100% interest in the Fort Cady project located in the Mojave Desert region of eastern San Bernardino County, California.
