5E Advanced Materials (NASDAQ:FEAM) Earns Buy Rating from Analysts at HC Wainwright

Key Points

• HC Wainwright has initiated coverage on 5E Advanced Materials (NASDAQ:FEAM) with a buy rating and a price target of $7.50, indicating a potential upside of 115.52% from its current price.
• Weiss Ratings has reissued a sell rating for the stock, while the consensus among analysts is a Buy with a much higher average target price of $83.17.
• Recent insider trading includes purchases by directors totaling 203,053 shares valued at around $710,686, indicating increasing confidence in the company's prospects.

Analysts at HC Wainwright assumed coverage on shares of 5E Advanced Materials (NASDAQ:FEAM - Get Free Report) in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage set a "buy" rating and a $7.50 price target on the stock. HC Wainwright's price objective points to a potential upside of 121.24% from the stock's current price.

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of 5E Advanced Materials in a report on Saturday, August 30th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $83.17.

5E Advanced Materials Price Performance

FEAM traded down $0.02 on Tuesday, hitting $3.39. The company had a trading volume of 75,618 shares, compared to its average volume of 106,643. 5E Advanced Materials has a 52-week low of $2.82 and a 52-week high of $24.84. The stock has a fifty day simple moving average of $3.79 and a 200-day simple moving average of $4.04. The firm has a market capitalization of $76.07 million, a P/E ratio of -0.21 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 stock in a transaction dated Monday, August 25th. The stock was purchased at an average cost of $3.50 per share, for a total transaction of $350,000.00. Following the completion of the acquisition, the director owned 7,597,349 shares of the company's stock, valued at approximately $26,590,721.50. This trade represents a 1.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ascend Global Investment Fund bought 100,000 shares of the stock in a transaction dated Monday, August 25th. The shares were acquired 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 7,830,646 shares of the company's stock, valued at approximately $27,407,261. The trade was a 1.29% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 203,053 shares of company stock valued at $710,686 over the last quarter. Company insiders own 0.50% of the company's stock.

Hedge Funds Weigh In On 5E Advanced Materials

A hedge fund recently bought a new stake in 5E Advanced Materials stock. Marex Group plc bought a new stake in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM - Free Report) in the 2nd quarter, according to its most recent filing 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 about 0.94% of 5E Advanced Materials as of its most recent filing with the Securities & Exchange Commission.

About 5E Advanced Materials

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.