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

5E Advanced Materials logo with Basic Materials background

Key Points

  • 5E Advanced Materials (NASDAQ:FEAM) has been given a "Sell (E+)" rating by Weiss Ratings, indicating a negative outlook from analysts.
  • Two research firms have issued a buy rating on the stock with price targets of $7.00 and $7.50, while the consensus price target is $7.25.
  • Insiders have shown confidence in the company, with recent purchases totaling 203,053 shares worth approximately $710,686 in the past ninety days.
  • MarketBeat previews the top five stocks to own by November 1st.

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 Wednesday,Weiss Ratings reports.

A number of other research firms also recently issued reports on FEAM. HC Wainwright began 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. Wall Street Zen raised 5E Advanced Materials to a "sell" rating in a research report on Saturday. Finally, Maxim Group set a $7.00 target price on 5E Advanced Materials and gave the company a "buy" rating in a research report on Thursday, October 2nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, 5E Advanced Materials currently has an average rating of "Hold" and a consensus price target of $7.25.

Check Out Our Latest Stock Analysis on 5E Advanced Materials

5E Advanced Materials Stock Performance

NASDAQ:FEAM traded up $0.58 during trading hours on Wednesday, reaching $5.18. The stock had a trading volume of 318,936 shares, compared to its average volume of 46,544. 5E Advanced Materials has a 52 week low of $2.82 and a 52 week high of $24.84. The company has a 50 day moving average price of $3.86 and a two-hundred day moving average price of $4.01. The stock has a market capitalization of $116.24 million, a PE ratio of -0.32 and a beta of 1.55.

Insider Buying and Selling at 5E Advanced Materials

In other news, Director Ascend Global Investment Fund bought 100,000 shares of the stock in a transaction on Monday, August 25th. The stock was acquired at an average cost of $3.50 per share, for a total transaction of $350,000.00. Following the acquisition, the director owned 7,830,646 shares of the company's stock, valued at $27,407,261. This represents a 1.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bep Special Situations Iv Llc bought 100,000 shares of the stock in a transaction on Monday, August 25th. The stock was purchased at an average price of $3.50 per share, with a total value of $350,000.00. Following the completion of 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 position. The disclosure for this purchase can be found here. Insiders acquired a total of 203,053 shares of company stock worth $710,686 in the last ninety days. 0.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On 5E Advanced Materials

A hedge fund recently bought a new stake in 5E Advanced Materials stock. Marex Group plc acquired a new position in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 188,917 shares of the company's stock, valued at approximately $665,000. Marex Group plc owned about 0.94% of 5E Advanced Materials at the end of the most recent reporting period.

5E Advanced Materials Company Profile

(Get Free Report)

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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