5E Advanced Materials (NASDAQ:FEAM – Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($0.14) earnings per share (EPS) for the quarter, FiscalAI reports.
5E Advanced Materials Stock Up 17.0%
Shares of NASDAQ FEAM opened at $2.06 on Friday. 5E Advanced Materials has a 52-week low of $0.90 and a 52-week high of $7.50. The firm has a fifty day moving average of $1.46 and a 200-day moving average of $1.58. The stock has a market capitalization of $85.51 million, a PE ratio of -1.54 and a beta of 1.97.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on FEAM. HC Wainwright reiterated a “buy” rating and set 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 restated a “sell (e+)” rating on shares of 5E Advanced Materials in a report on Friday, July 17th. Finally, Wall Street Zen raised shares of 5E Advanced Materials from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 5th. 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $5.25.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the company. AWM Investment Company Inc. acquired a new stake in 5E Advanced Materials during the second quarter worth about $4,346,000. Bluescape Energy Partners LLC raised its holdings in shares of 5E Advanced Materials by 7.0% in the 4th quarter. Bluescape Energy Partners LLC now owns 8,130,997 shares of the company’s stock worth $24,800,000 after purchasing an additional 533,648 shares during the period. Aristides Capital LLC acquired a new position in shares of 5E Advanced Materials in the 1st quarter valued at about $765,000. Renaissance Technologies LLC acquired a new position in shares of 5E Advanced Materials in the 1st quarter valued at about $268,000. Finally, Potomac Capital Management Inc. purchased a new stake in shares of 5E Advanced Materials during the 4th quarter worth about $186,000.
About 5E Advanced Materials
5E Advanced Materials, Inc is a development-stage company focused on producing boron and lithium products. Its primary project is the Fort Cady Borate and Lithium Project, a mineral resource located in Southern California’s Mojave Desert. The company is developing an integrated operation intended to extract boron and lithium from mineralized brines and produce refined materials for industrial and technology applications.
Planned products include boric acid, specialty boron materials and lithium carbonate.
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