5E Advanced Materials (NASDAQ:FEAM) Stock Price Breaks Above 50 Day Moving Average – Should You Sell?

5E Advanced Materials, Inc. (NASDAQ:FEAM)’s share price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $2.34 and traded as high as $2.42. 5E Advanced Materials shares last traded at $2.38, with a volume of 240,115 shares.

Analysts Set New Price Targets

A number of analysts have weighed in on FEAM shares. Weiss Ratings reissued a “sell (e+)” rating on shares of 5E Advanced Materials in a report on Thursday, October 15th. HC Wainwright lifted their target price on shares of 5E Advanced Materials from $3.50 to $6.75 and gave the company a “buy” rating in a research report on Monday, October 5th. Finally, Wall Street Zen upgraded 5E Advanced Materials from a “sell” rating to a “hold” rating in a research note on Saturday, October 10th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $6.75.

5E Advanced Materials Price Performance

The business has a 50 day moving average of $2.39 and a 200 day moving average of $1.96. The firm has a market capitalization of $103.70 million, a price-to-earnings ratio of -1.68 and a beta of 1.80.

5E Advanced Materials (NASDAQ:FEAM) last announced its quarterly earnings results on Thursday, September 17th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.18.

Insider Buying and Selling at 5E Advanced Materials

In other 5E Advanced Materials news, Director Graham van’t Hoff bought 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The stock was acquired at an average price of $3.59 per share, with a total value of $215,400.00. Following the completion of the transaction, the director owned 102,997 shares in the company, valued at approximately $369,759.23. This trade represents a 139.54% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is owned by corporate insiders.

Institutional Trading of 5E Advanced Materials

Large investors have recently added to or reduced their stakes in the company. AWM Investment Company Inc. bought a new position in 5E Advanced Materials during the second quarter worth $4,346,000. Aristides Capital LLC bought a new position in shares of 5E Advanced Materials in the first quarter valued at about $765,000. Renaissance Technologies LLC bought a new position in shares of 5E Advanced Materials in the first quarter valued at about $268,000. T3 Companies LLC acquired a new stake in shares of 5E Advanced Materials during the 3rd quarter worth about $514,000. Finally, Woodward Diversified Capital LLC lifted its stake in shares of 5E Advanced Materials by 59.9% during the 3rd quarter. Woodward Diversified Capital LLC now owns 79,400 shares of the company’s stock worth $268,000 after buying an additional 29,750 shares during the last quarter.

5E Advanced Materials Company Profile

5E Advanced Materials, Inc is a critical materials company focused on developing domestic sources of boron and lithium. The company’s primary asset is the Fort Cady borate project in the Mojave Desert of Southern California, which it is advancing as a potential source of boric acid, lithium carbonate and other boron-based products.

Boron is used in applications including high-strength materials, glass and ceramics, agriculture, clean-energy technologies and defense-related products. Lithium carbonate is a key material used in the production of lithium-ion batteries.