Weiss Ratings Reaffirms Sell (E+) Rating for 5E Advanced Materials (NASDAQ:FEAM)

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 reiterated by Weiss Ratings in a research note issued to investors on Saturday, September 13th,Weiss Ratings reports.

Separately, HC Wainwright started coverage on 5E Advanced Materials in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $7.50 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $9.75.

5E Advanced Materials Trading Down 2.0%

FEAM stock traded down $0.08 during trading on Friday, reaching $3.91. The stock had a trading volume of 90,939 shares, compared to its average volume of 132,467. 5E Advanced Materials has a 52 week low of $2.82 and a 52 week high of $24.84. The stock's 50 day moving average is $3.86 and its two-hundred day moving average is $4.00. The firm has a market cap of $87.74 million, a PE ratio of -0.25 and a beta of 1.54.

Insider Activity at 5E Advanced Materials

In other 5E Advanced Materials news, Director Bep Special Situations Iv Llc bought 100,000 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were bought at an average price of $3.50 per share, with a total value of $350,000.00. Following the purchase, the director owned 7,597,349 shares of the company's stock, valued at $26,590,721.50. This trade represents a 1.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ascend Global Investment Fund bought 100,000 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were acquired at an average cost of $3.50 per share, for a total transaction of $350,000.00. Following the purchase, the director directly owned 7,830,646 shares in the company, valued at $27,407,261. This trade represents a 1.29% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 203,053 shares of company stock worth $710,686 in the last three months. 0.50% of the stock is owned by corporate insiders.

Institutional Trading of 5E Advanced Materials

An institutional investor recently bought a new position in 5E Advanced Materials stock. Marex Group plc purchased a new stake in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 188,917 shares of the company's stock, valued at approximately $665,000. Marex Group plc owned approximately 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.