5E Advanced Materials (NASDAQ:FEAM) Share Price Breaks Below 200-Day Moving Average - Time to Sell?

Key Points

• 5E Advanced Materials shares fell below their 200-day moving average, trading at $1.89 versus the $1.92 average; the stock also sits below its 50-day average of $2.46.
• Analyst opinions are mixed, with one Buy and one Sell rating; MarketBeat reports a consensus Hold and a $6.75 target price.
• The company reported a quarterly loss of $0.14 per share, better than the $0.32 loss analysts expected. A director also bought 60,000 shares at an average price of $3.59.

5E Advanced Materials, Inc. (NASDAQ:FEAM - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $1.92 and traded as low as $1.84. 5E Advanced Materials shares last traded at $1.89, with a volume of 816,067 shares traded.

Analysts Set New Price Targets

Several analysts have issued reports on the company. HC Wainwright upped their price objective on 5E Advanced Materials from $3.50 to $6.75 and gave the company a "buy" rating in a research note on Monday, October 5th. Wall Street Zen raised 5E Advanced Materials from a "sell" rating to a "hold" rating in a research report on Saturday, October 10th. Finally, Weiss Ratings upgraded 5E Advanced Materials from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, October 30th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $6.75.

5E Advanced Materials Price Performance

The company has a market capitalization of $93.80 million, a P/E ratio of -1.28 and a beta of 1.84. The company's 50-day moving average price is $2.46 and its two-hundred day moving average price is $1.92.

5E Advanced Materials (NASDAQ:FEAM - Get Free Report) last posted its earnings results on Thursday, September 17th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.32) by $0.18.

Insider Buying and Selling at 5E Advanced Materials

In other news, Director Graham van't Hoff acquired 60,000 shares of the stock in a transaction on Thursday, October 8th. The shares were purchased at an average price of $3.59 per share, for a total transaction of $215,400.00. Following the transaction, the director directly owned 102,997 shares of the company's stock, valued at approximately $369,759.23. This represents a 139.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.21% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Woodward Diversified Capital LLC grew its stake in 5E Advanced Materials by 59.9% during the third quarter. Woodward Diversified Capital LLC now owns 79,400 shares of the company's stock worth $268,000 after buying an additional 29,750 shares in the last quarter. Renaissance Technologies LLC bought a new position in 5E Advanced Materials in the 1st quarter valued at about $268,000. T3 Companies LLC bought a new position in 5E Advanced Materials in the 3rd quarter valued at about $514,000. Aristides Capital LLC bought a new position in 5E Advanced Materials in the 1st quarter valued at about $765,000. Finally, AWM Investment Company Inc. acquired a new position in shares of 5E Advanced Materials in the 2nd quarter valued at approximately $4,346,000.

5E Advanced Materials Company Profile

5E Advanced Materials, Inc is a critical materials company focused on developing domestic sources of boron and lithium. The company's primary asset is the Fort Cady borate project in the Mojave Desert of Southern California, which it is advancing as a potential source of boric acid, lithium carbonate and other boron-based products.

Boron is used in applications including high-strength materials, glass and ceramics, agriculture, clean-energy technologies and defense-related products. Lithium carbonate is a key material used in the production of lithium-ion batteries.

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