Wall Street Zen Downgrades 5E Advanced Materials (NASDAQ:FEAM) to Sell

5E Advanced Materials (NASDAQ:FEAM) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other analysts have also weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 5E Advanced Materials in a research note on Wednesday, January 21st. HC Wainwright reaffirmed a “buy” rating and issued a $9.25 price target on shares of 5E Advanced Materials in a research report on Friday, November 21st. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $8.13.

5E Advanced Materials Stock Up 2.3%

FEAM opened at $2.21 on Friday. The stock’s fifty day moving average is $3.23 and its two-hundred day moving average is $3.91. The company has a market capitalization of $51.96 million, a P/E ratio of -0.31 and a beta of 1.62. 5E Advanced Materials has a 52 week low of $2.00 and a 52 week high of $8.32.

5E Advanced Materials (NASDAQ:FEAM) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.07. Equities analysts anticipate that 5E Advanced Materials will post -9.22 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Bep Special Situations Iv Llc bought 4,000,000 shares of 5E Advanced Materials stock in a transaction on Monday, February 2nd. The stock was acquired at an average cost of $2.00 per share, for a total transaction of $8,000,000.00. Following the completion of the acquisition, 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 purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FEAM. Marex Group plc purchased a new stake in 5E Advanced Materials during the second quarter valued at approximately $665,000. Marshall Wace LLP acquired a new position in shares of 5E Advanced Materials during the fourth quarter worth $282,000. Geode Capital Management LLC increased its position in shares of 5E Advanced Materials by 112.9% during the fourth quarter. Geode Capital Management LLC now owns 77,780 shares of the company’s stock worth $237,000 after purchasing an additional 41,238 shares in the last quarter. State Street Corp purchased a new stake in shares of 5E Advanced Materials during the 4th quarter valued at $37,000. Finally, Jane Street Group LLC acquired a new stake in shares of 5E Advanced Materials in the 4th quarter worth $111,000.

5E Advanced Materials Company Profile

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.