5E Advanced Materials (NASDAQ:FEAM) Share Price Breaks Below 200-Day Moving Average – Time to Sell?

5E Advanced Materials, Inc. (NASDAQ:FEAM)’s stock price passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $1.92 and traded as low as $1.84. 5E Advanced Materials shares last traded at $1.89, with a volume of 816,067 shares trading hands.

Wall Street Analyst Weigh In

FEAM has been the subject of several research analyst reports. Weiss Ratings upgraded shares of 5E Advanced Materials from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, October 30th. HC Wainwright upped their target price on 5E Advanced Materials from $3.50 to $6.75 and gave the stock a “buy” rating in a research note on Monday, October 5th. Finally, Wall Street Zen raised 5E Advanced Materials from a “sell” rating to a “hold” rating in a report on Saturday, October 10th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, 5E Advanced Materials has an average rating of “Hold” and an average price target of $6.75.

5E Advanced Materials Stock Down 18.5%

The stock has a market cap of $93.80 million, a price-to-earnings ratio of -1.28 and a beta of 1.84. The company has a 50 day simple moving average of $2.46 and a 200 day simple moving average of $1.92.

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

Insider Transactions at 5E Advanced Materials

In related news, Director Graham van’t Hoff acquired 60,000 shares of the stock in a transaction that occurred on Thursday, October 8th. The stock was acquired at an average cost of $3.59 per share, for a total transaction of $215,400.00. Following the transaction, the director directly owned 102,997 shares in the company, valued at $369,759.23. This trade represents a 139.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Institutional Trading of 5E Advanced Materials

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

About 5E Advanced Materials

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.