HC Wainwright Cuts 5E Advanced Materials (NASDAQ:FEAM) Price Target to $5.75

5E Advanced Materials (NASDAQ:FEAM) had its price objective lowered by HC Wainwright from $9.25 to $5.75 in a research note released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 5E Advanced Materials in a research report on Wednesday, January 21st. Wall Street Zen lowered 5E Advanced Materials from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.38.

5E Advanced Materials Stock Performance

Shares of 5E Advanced Materials stock opened at $1.95 on Monday. The stock has a 50 day moving average of $2.64 and a 200 day moving average of $3.64. The firm has a market capitalization of $45.84 million, a price-to-earnings ratio of -0.73 and a beta of 1.60. 5E Advanced Materials has a fifty-two week low of $1.60 and a fifty-two week high of $7.50.

5E Advanced Materials (NASDAQ:FEAM) last posted its earnings results on Tuesday, February 17th. The company reported ($0.48) EPS for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.07. Analysts forecast that 5E Advanced Materials will post -9.22 EPS for the current year.

Insider Activity

In related news, Director Bep Special Situations Iv Llc acquired 4,000,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was acquired at an average price of $2.00 per share, for a total transaction of $8,000,000.00. Following the purchase, the director owned 12,130,997 shares of the company’s stock, valued at $24,261,994. This represents a 49.19% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.21% of the company’s stock.

Institutional Trading of 5E Advanced Materials

Several hedge funds have recently added to or reduced their stakes in FEAM. Marex Group plc acquired a new position in 5E Advanced Materials during the 2nd quarter worth approximately $665,000. Woodward Diversified Capital LLC purchased a new position in 5E Advanced Materials in the third quarter valued at $49,000. Hohimer Wealth Management LLC acquired a new stake in 5E Advanced Materials in the third quarter valued at $785,000. Summit Financial Strategies Inc. acquired a new stake in 5E Advanced Materials in the fourth quarter valued at $37,000. Finally, Geode Capital Management LLC lifted its holdings in 5E Advanced Materials by 112.9% during the 4th quarter. Geode Capital Management LLC now owns 77,780 shares of the company’s stock worth $237,000 after buying an additional 41,238 shares during the last quarter.

About 5E Advanced Materials

5E Advanced Materials, Inc develops and manufactures high-performance anode materials for lithium-ion batteries, specializing in silicon-carbon composite solutions. The company’s proprietary processes yield anode materials that deliver enhanced energy density, extended cycle life and faster charge rates compared to conventional graphite anodes. These advanced materials are targeted at electric vehicle manufacturers, consumer electronics producers and grid-scale energy storage providers seeking to improve battery performance and sustainability.

The firm operates a pilot production facility in Harrodsburg, Kentucky, where it carries out research, development and small-scale manufacturing to validate its processes and assess commercial viability.