5E Advanced Materials (NASDAQ:FEAM) Trading Down 6.1% – What’s Next?

5E Advanced Materials, Inc. (NASDAQ:FEAM) was down 6.1% on Monday . The company traded as low as $0.43 and last traded at $0.44. Approximately 89,864 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 155,489 shares. The stock had previously closed at $0.47.

Analysts Set New Price Targets

Several brokerages recently issued reports on FEAM. DA Davidson reaffirmed a “buy” rating and set a $10.00 target price on shares of 5E Advanced Materials in a research report on Thursday, September 5th. Maxim Group lowered their price objective on 5E Advanced Materials from $4.00 to $1.25 and set a “buy” rating for the company in a research report on Thursday, September 12th.

5E Advanced Materials Stock Performance

The company’s 50-day moving average price is $0.48 and its two-hundred day moving average price is $0.74. The company has a market capitalization of $29.97 million, a price-to-earnings ratio of -0.39 and a beta of 1.87. The company has a debt-to-equity ratio of 35.91, a current ratio of 1.08 and a quick ratio of 1.08.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FEAM. AQR Capital Management LLC acquired a new stake in 5E Advanced Materials during the second quarter worth approximately $27,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of 5E Advanced Materials during the 2nd quarter worth approximately $61,000. Cubist Systematic Strategies LLC bought a new stake in shares of 5E Advanced Materials in the 2nd quarter valued at $83,000. Finally, Geode Capital Management LLC lifted its position in shares of 5E Advanced Materials by 11.8% during the 3rd quarter. Geode Capital Management LLC now owns 487,922 shares of the company’s stock valued at $264,000 after acquiring an additional 51,668 shares during the period.

About 5E Advanced Materials

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.