5E Advanced Materials (NASDAQ:FEAM) Price Target Cut to $5.75 by Analysts at HC Wainwright

5E Advanced Materials (NASDAQ:FEAM) had its target price decreased by HC Wainwright from $9.25 to $5.75 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s target price indicates a potential upside of 236.26% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Wall Street Zen cut shares of 5E Advanced Materials from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of 5E Advanced Materials in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, 5E Advanced Materials currently has a consensus rating of “Hold” and a consensus target price of $6.38.

5E Advanced Materials Stock Down 6.6%

FEAM opened at $1.71 on Monday. The company has a market capitalization of $40.20 million, a price-to-earnings ratio of -0.64 and a beta of 1.60. The firm has a 50-day moving average price of $2.71 and a 200-day moving average price of $3.68. 5E Advanced Materials has a twelve month low of $1.66 and a twelve month high of $7.50.

5E Advanced Materials (NASDAQ:FEAM) last announced its quarterly earnings results on Tuesday, February 17th. The company reported ($0.48) EPS for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.07. On average, sell-side analysts expect that 5E Advanced Materials will post -9.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Bep Special Situations Iv Llc bought 4,000,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were acquired at an average price of $2.00 per share, with a total value of $8,000,000.00. Following the acquisition, the director owned 12,130,997 shares of the company’s stock, valued at approximately $24,261,994. The trade was a 49.19% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FEAM. State Street Corp bought a new position in shares of 5E Advanced Materials in the fourth quarter worth $37,000. Summit Financial Strategies Inc. bought a new stake in 5E Advanced Materials during the fourth quarter valued at $37,000. Woodward Diversified Capital LLC purchased a new position in 5E Advanced Materials during the third quarter worth about $49,000. Goldman Sachs Group Inc. purchased a new position in 5E Advanced Materials during the fourth quarter worth about $69,000. Finally, LeClair Wealth Partners LLC increased its stake in 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 acquiring an additional 4,990 shares during the last quarter.

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.