5E Advanced Materials (NASDAQ:FEAM) Cut to Strong Sell at 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 report released on Saturday morning.

Several other brokerages have also weighed in on FEAM. HC Wainwright reaffirmed a “buy” rating and issued a $3.50 target price (down from $5.50) on shares of 5E Advanced Materials in a research report on Tuesday, August 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of 5E Advanced Materials in a research note on Friday, July 17th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.25.

5E Advanced Materials Stock Up 30.7%

FEAM opened at $1.96 on Friday. The company’s 50-day moving average price is $1.41 and its 200 day moving average price is $1.72. 5E Advanced Materials has a fifty-two week low of $0.90 and a fifty-two week high of $7.50. The firm has a market cap of $81.36 million, a price-to-earnings ratio of -1.46 and a beta of 1.90.

5E Advanced Materials (NASDAQ:FEAM) last issued its earnings results on Tuesday, May 12th. The company reported ($0.35) EPS for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.01. Research analysts anticipate that 5E Advanced Materials will post -1.61 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. LeClair Wealth Partners LLC grew its stake in shares of 5E Advanced Materials by 20.0% in the 4th quarter. LeClair Wealth Partners LLC now owns 30,000 shares of the company’s stock worth $92,000 after purchasing an additional 4,990 shares during the last quarter. State Street Corp bought a new stake in shares of 5E Advanced Materials in the 4th quarter worth approximately $37,000. Summit Financial Strategies Inc. bought a new stake in shares of 5E Advanced Materials in the 4th quarter worth approximately $37,000. Goldman Sachs Group Inc. acquired a new stake in 5E Advanced Materials during the fourth quarter valued at approximately $69,000. Finally, Jane Street Group LLC acquired a new stake in 5E Advanced Materials during the fourth quarter valued at approximately $111,000.

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.