5E Advanced Materials (NASDAQ:FEAM) Given "Sell (E+)" Rating at Weiss Ratings

Key Points

• 5E Advanced Materials' stock has been assigned a "sell (E+)" rating by Weiss Ratings, while HC Wainwright has issued a contrasting "buy" rating with a price target of $7.50.
• Recently, insiders purchased 203,053 shares of the company's stock totaling approximately $710,686, indicating potential confidence by management in the firm's future prospects.
• The stock has experienced significant price fluctuations, with a 12-month low of $2.82 and a high of $24.84, currently trading around $3.89.

5E Advanced Materials (NASDAQ:FEAM - Get Free Report)'s stock had its "sell (e+)" rating restated by analysts at Weiss Ratings in a research note issued on Saturday,Weiss Ratings reports.

Separately, HC Wainwright began coverage on shares of 5E Advanced Materials in a research report on Tuesday, September 2nd. They issued a "buy" rating and a $7.50 price target on the stock. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, 5E Advanced Materials presently has a consensus rating of "Buy" and a consensus target price of $9.75.

5E Advanced Materials Stock Performance

FEAM opened at $3.89 on Friday. The business has a 50 day moving average price of $3.83 and a 200 day moving average price of $4.00. 5E Advanced Materials has a twelve month low of $2.82 and a twelve month high of $24.84. The firm has a market cap of $87.29 million, a P/E ratio of -0.24 and a beta of 1.54.

Insider Buying and Selling at 5E Advanced Materials

In related news, Director Bep Special Situations Iv Llc purchased 100,000 shares of 5E Advanced Materials stock in a transaction on Monday, August 25th. The stock was purchased at an average cost of $3.50 per share, with a total value of $350,000.00. Following the acquisition, the director directly owned 7,597,349 shares in the company, valued at approximately $26,590,721.50. This trade represents a 1.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ascend Global Investment Fund acquired 100,000 shares of the business's stock in a transaction dated Monday, August 25th. The shares were bought at an average cost of $3.50 per share, with a total value of $350,000.00. Following the transaction, the director directly owned 7,830,646 shares of the company's stock, valued at $27,407,261. The trade was a 1.29% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 203,053 shares of company stock valued at $710,686. Corporate insiders own 0.50% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in 5E Advanced Materials stock. Marex Group plc bought a new position in 5E Advanced Materials, Inc. (NASDAQ:FEAM - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 188,917 shares of the company's stock, valued at approximately $665,000. Marex Group plc owned 0.94% of 5E Advanced Materials at the end of the most recent reporting period.

5E Advanced Materials Company Profile

5E Advanced Materials, Inc engages in the exploration and development of mineral properties in Australia and the United States. The company primarily explores for borates and lithium deposits. It holds 100% interest in the Fort Cady project located in the Mojave Desert region in eastern San Bernardino County, California.

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