5E Advanced Materials (NASDAQ:FEAM) Downgraded to Strong Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of 5E Advanced Materials (NASDAQ:FEAM) from a sell rating to a strong sell rating in a research note issued to investors on Saturday.

FEAM has been the subject of several other research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 5E Advanced Materials in a research note on Monday, April 20th. HC Wainwright cut their target price on 5E Advanced Materials from $9.25 to $5.75 and set a “buy” rating for the company in a research note on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.38.

5E Advanced Materials Price Performance

Shares of FEAM opened at $1.76 on Friday. The firm has a market cap of $41.38 million, a P/E ratio of -0.66 and a beta of 1.84. The stock has a 50 day simple moving average of $1.67 and a two-hundred day simple moving average of $3.04. 5E Advanced Materials has a 1 year low of $1.17 and a 1 year high of $7.50.

5E Advanced Materials (NASDAQ:FEAM) last issued its earnings results on Tuesday, February 17th. The company reported ($0.48) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.55) by $0.07. On average, equities analysts anticipate that 5E Advanced Materials will post -1.98 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Bep Special Situations Iv Llc acquired 4,000,000 shares of the stock in a transaction on Monday, February 2nd. The stock was purchased at an average price of $2.00 per share, for a total transaction of $8,000,000.00. Following the completion of the transaction, the director owned 12,130,997 shares of the company’s stock, valued at $24,261,994. This trade represents a 49.19% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.21% of the company’s stock.

Institutional Trading of 5E Advanced Materials

Several hedge funds and other institutional investors have recently bought and sold shares of FEAM. Bluescape Energy Partners LLC lifted its position in 5E Advanced Materials by 7.0% in the fourth quarter. Bluescape Energy Partners LLC now owns 8,130,997 shares of the company’s stock valued at $24,800,000 after purchasing an additional 533,648 shares during the last quarter. Hohimer Wealth Management LLC bought a new stake in 5E Advanced Materials in the third quarter valued at approximately $785,000. Mercer Global Advisors Inc. ADV bought a new stake in 5E Advanced Materials in the fourth quarter valued at approximately $674,000. Marshall Wace LLP bought a new stake in 5E Advanced Materials in the fourth quarter valued at approximately $282,000. Finally, &PARTNERS bought a new stake in 5E Advanced Materials in the fourth quarter valued at approximately $191,000.

About 5E Advanced Materials

5E Advanced Materials, Inc develops and manufactures high-performance anode materials for lithium-ion batteries, specializing in silicon-carbon composite solutions. The company’s proprietary processes yield anode materials that deliver enhanced energy density, extended cycle life and faster charge rates compared to conventional graphite anodes. These advanced materials are targeted at electric vehicle manufacturers, consumer electronics producers and grid-scale energy storage providers seeking to improve battery performance and sustainability.

The firm operates a pilot production facility in Harrodsburg, Kentucky, where it carries out research, development and small-scale manufacturing to validate its processes and assess commercial viability.