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

Key Points

• Weiss Ratings has reaffirmed a "Sell (E+)" rating for 5E Advanced Materials (NASDAQ:FEAM), indicating ongoing concerns about the stock's performance.
• The stock price reached $5.89 on Friday, up 6.2%, with a market capitalization of approximately $132.09 million.
• Insider trading activity shows that directors have acquired a combined total of 203,053 shares valued at $710,686 over the past 90 days, indicating some confidence in the company's future.

5E Advanced Materials (NASDAQ:FEAM - Get Free Report)'s stock had its "sell (e+)" rating restated by analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Other equities research analysts have also issued reports about the stock. HC Wainwright set a $9.50 target price on shares of 5E Advanced Materials and gave the company a "buy" rating in a research note on Thursday, October 16th. Zacks Research upgraded shares of 5E Advanced Materials to a "hold" rating in a research note on Friday, October 10th. Wall Street Zen upgraded shares of 5E Advanced Materials to a "sell" rating in a research note on Saturday, October 4th. Finally, Maxim Group set a $7.00 target price on shares of 5E Advanced Materials and gave the company a "buy" rating in a research note on Thursday, October 2nd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $8.25.

5E Advanced Materials Stock Up 6.2%

FEAM traded up $0.35 during mid-day trading on Friday, reaching $5.89. 46,354 shares of the company traded hands, compared to its average volume of 69,490. The stock has a market capitalization of $132.09 million, a P/E ratio of -0.37 and a beta of 1.55. The company's fifty day moving average price is $4.34 and its 200-day moving average price is $4.17. 5E Advanced Materials has a 52-week low of $2.82 and a 52-week high of $24.84.

Insider Buying and Selling at 5E Advanced Materials

In related news, Director Bep Special Situations Iv Llc acquired 100,000 shares of 5E Advanced Materials 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 purchase, the director directly 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 position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ascend Global Investment Fund acquired 100,000 shares of 5E Advanced Materials stock in a transaction dated Monday, August 25th. The stock was bought at an average price of $3.50 per share, with a total value of $350,000.00. Following the completion of the purchase, the director directly owned 7,830,646 shares in the company, valued at $27,407,261. This represents a 1.29% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 203,053 shares of company stock valued at $710,686 over the last 90 days. 0.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On 5E Advanced Materials

A hedge fund recently bought a new stake in 5E Advanced Materials stock. Woodward Diversified Capital LLC acquired a new stake in 5E Advanced Materials, Inc. (NASDAQ:FEAM - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,900 shares of the company's stock, valued at approximately $49,000. Woodward Diversified Capital LLC owned approximately 0.06% of 5E Advanced Materials as of its most recent SEC filing.

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.

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