5E Advanced Materials (NASDAQ:FEAM) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

5E Advanced Materials, Inc. (NASDAQ:FEAM) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $1.92 and traded as low as $1.84. 5E Advanced Materials shares last traded at $1.89, with a volume of 816,067 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on FEAM. Wall Street Zen upgraded shares of 5E Advanced Materials from a “sell” rating to a “hold” rating in a report on Saturday, October 10th. Weiss Ratings raised shares of 5E Advanced Materials from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, October 30th. Finally, HC Wainwright lifted their price target on 5E Advanced Materials from $3.50 to $6.75 and gave the company a “buy” rating in a research note on Monday, October 5th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, 5E Advanced Materials has a consensus rating of “Hold” and an average price target of $6.75.

5E Advanced Materials Stock Up 1.1%

The business’s 50-day moving average is $2.46 and its two-hundred day moving average is $1.91. The company has a market capitalization of $94.79 million, a P/E ratio of -1.29 and a beta of 1.84.

5E Advanced Materials (NASDAQ:FEAM) last issued its quarterly earnings data on Thursday, September 17th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.18.

Insider Buying and Selling at 5E Advanced Materials

In other 5E Advanced Materials news, Director Graham van’t Hoff bought 60,000 shares of 5E Advanced Materials stock in a transaction dated Thursday, October 8th. The stock was bought at an average cost of $3.59 per share, with a total value of $215,400.00. Following the completion of the acquisition, the director directly owned 102,997 shares in the company, valued at approximately $369,759.23. The trade was a 139.54% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.21% of the stock is owned by insiders.

Institutional Trading of 5E Advanced Materials

A number of hedge funds have recently bought and sold shares of the business. AWM Investment Company Inc. bought a new position in 5E Advanced Materials in the 2nd quarter valued at $4,346,000. Aristides Capital LLC purchased a new position in shares of 5E Advanced Materials in the 1st quarter worth about $765,000. Renaissance Technologies LLC purchased a new position in shares of 5E Advanced Materials in the 1st quarter worth about $268,000. T3 Companies LLC purchased a new position in shares of 5E Advanced Materials in the 3rd quarter worth about $514,000. Finally, Woodward Diversified Capital LLC grew its position in 5E Advanced Materials by 59.9% during the third quarter. Woodward Diversified Capital LLC now owns 79,400 shares of the company’s stock valued at $268,000 after buying an additional 29,750 shares during the period.

About 5E Advanced Materials

5E Advanced Materials, Inc is a critical materials company focused on developing domestic sources of boron and lithium. The company’s primary asset is the Fort Cady borate project in the Mojave Desert of Southern California, which it is advancing as a potential source of boric acid, lithium carbonate and other boron-based products.

Boron is used in applications including high-strength materials, glass and ceramics, agriculture, clean-energy technologies and defense-related products. Lithium carbonate is a key material used in the production of lithium-ion batteries.