5E Advanced Materials (NASDAQ:FEAM) Shares Break Above 50-Day Moving Average - Here's What Happened

Key Points

• FEAM shares moved above their 50-day moving average, reaching $2.42 and last trading at $2.38 on volume of about 240,115 shares. The stock’s 50-day and 200-day averages were $2.34 and $1.98, respectively.
• Analyst views remained mixed: HC Wainwright raised its price target to $6.75 and maintained a Buy rating, while Weiss Ratings reiterated Sell and Wall Street Zen upgraded the stock to Hold. The overall consensus rating was Hold with a $6.75 target.
• Director Graham van’t Hoff purchased 60,000 shares for approximately $215,400, increasing his position by 139.5%. The company also reported a quarterly loss of $0.14 per share, which was better than the $0.32 loss analysts expected.

5E Advanced Materials, Inc. (NASDAQ:FEAM - Get Free Report)'s share price passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $2.34 and traded as high as $2.42. 5E Advanced Materials shares last traded at $2.38, with a volume of 240,115 shares trading hands.

Analyst Ratings Changes

A number of analysts have weighed in on FEAM shares. Weiss Ratings reissued a "sell (e+)" rating on shares of 5E Advanced Materials in a report on Thursday, October 15th. HC Wainwright increased their target price on shares of 5E Advanced Materials from $3.50 to $6.75 and gave the company a "buy" rating in a research report on Monday, October 5th. Finally, Wall Street Zen upgraded shares of 5E Advanced Materials from a "sell" rating to a "hold" rating in a research note on Saturday, October 10th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $6.75.

5E Advanced Materials Stock Performance

The business has a 50-day moving average of $2.34 and a 200-day moving average of $1.98. The stock has a market capitalization of $99.13 million, a price-to-earnings ratio of -1.61 and a beta of 1.80.

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

Insider Buying and Selling at 5E Advanced Materials

In other 5E Advanced Materials news, Director Graham van't Hoff bought 60,000 shares of the stock in a transaction dated Thursday, October 8th. The shares were acquired at an average cost of $3.59 per share, for a total transaction of $215,400.00. Following the completion of the transaction, the director owned 102,997 shares in the company, valued at approximately $369,759.23. The trade was a 139.54% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.21% of the company's stock.

Institutional Trading of 5E Advanced Materials

A number of large investors have recently bought and sold shares of FEAM. AWM Investment Company Inc. acquired a new stake in shares of 5E Advanced Materials during the second quarter worth about $4,346,000. Aristides Capital LLC purchased a new position in shares of 5E Advanced Materials during the first quarter worth about $765,000. T3 Companies LLC purchased a new position in shares of 5E Advanced Materials during the third quarter worth about $514,000. Woodward Diversified Capital LLC increased its position in 5E Advanced Materials by 59.9% in the 3rd quarter. Woodward Diversified Capital LLC now owns 79,400 shares of the company's stock valued at $268,000 after acquiring an additional 29,750 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in 5E Advanced Materials in the 1st quarter valued at about $268,000.

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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