Key Points
- CEO Paul Weibel III purchased 7,176 shares of 5E Advanced Materials at an average price of $3.48, investing approximately $24,972 and increasing his direct stake by 32.45% to 29,292 shares.
- FEAM shares opened at $3.64 after rising 10%; the company recently reported a quarterly loss of $0.14 per share, beating the consensus estimate of a $0.32 loss.
- Analyst sentiment remains mixed, with a consensus “Hold” rating and a $6.75 target price; HC Wainwright upgraded the stock to “Buy,” while Weiss Ratings maintained a “Sell” rating.
5E Advanced Materials, Inc. (NASDAQ:FEAM - Get Free Report) CEO Paul Weibel, III purchased 7,176 shares of the business's stock in a transaction on Thursday, October 8th. The shares were purchased at an average cost of $3.48 per share, for a total transaction of $24,972.48. Following the transaction, the chief executive officer directly owned 29,292 shares of the company's stock, valued at approximately $101,936.16. The trade was a 32.45% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
5E Advanced Materials Trading Up 10.0%
FEAM stock opened at $3.64 on Friday. The firm has a market cap of $151.60 million, a PE ratio of -2.46 and a beta of 1.80. The stock has a 50-day moving average price of $2.09 and a 200-day moving average price of $1.73. 5E Advanced Materials, Inc. has a 1-year low of $0.90 and a 1-year high of $7.50.
5E Advanced Materials (NASDAQ:FEAM - Get Free Report) last released its earnings results on Thursday, September 17th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.18.
Hedge Funds Weigh In On 5E Advanced Materials
Several large investors have recently bought and sold shares of FEAM. Bluescape Energy Partners LLC boosted its holdings in 5E Advanced Materials by 7.0% during the 4th quarter. Bluescape Energy Partners LLC now owns 8,130,997 shares of the company's stock worth $24,800,000 after acquiring an additional 533,648 shares during the last quarter. AWM Investment Company Inc. purchased a new stake in shares of 5E Advanced Materials in the second quarter valued at about $4,346,000. Aristides Capital LLC purchased a new stake in shares of 5E Advanced Materials in the first quarter valued at about $765,000. Finally, Renaissance Technologies LLC bought a new position in shares of 5E Advanced Materials during the first quarter valued at about $268,000.
Analyst Ratings Changes
Several analysts have recently commented on FEAM shares. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of 5E Advanced Materials in a research report on Friday, July 17th. HC Wainwright boosted their target price on shares of 5E Advanced Materials from $3.50 to $6.75 and gave the company a "buy" rating in a research report on Monday, October 5th. Finally, Wall Street Zen raised shares of 5E Advanced Materials from a "sell" rating to a "hold" rating in a research note on Saturday. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $6.75.
View Our Latest Report on 5E Advanced Materials
5E Advanced Materials Company Profile
(
Get Free Report)
5E Advanced Materials, Inc is a critical-minerals company focused on developing domestic sources of boron and lithium. The company is advancing the Fort Cady project in Southern California, a mineral resource intended to support the production of boric acid, boron-derived products and lithium compounds.
Boron is used in a range of industrial and technology applications, including fiberglass, ceramics, glass, agriculture, construction materials and advanced materials. 5E has described its planned product portfolio as including boric acid and other boron specialty chemicals, with lithium potentially recovered as a co-product from the Fort Cady resource.
The company was formerly known as American Pacific Borate Lithium Limited and changed its name to 5E Advanced Materials, Inc Its operations are centered on the Fort Cady project in San Bernardino County, California, as it works toward establishing a vertically integrated U.S.
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