Key Points
- Director Hoff Graham Vant bought 60,000 FEAM shares at an average price of $3.59, investing $215,400 and increasing his holdings by 139.54% to 102,997 shares.
- 5E Advanced Materials reported a quarterly loss of $0.14 per share, beating the consensus estimate of a $0.32 loss. The stock opened at $3.28, compared with a 52-week range of $0.90 to $7.46.
- Analyst sentiment remains mixed, with ratings split between Buy and Sell and a consensus rating of Hold; HC Wainwright raised its price target to $6.75.
5E Advanced Materials, Inc. (NASDAQ:FEAM - Get Free Report) Director Hoff Graham Vant purchased 60,000 shares of the business's stock in a transaction that occurred on 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 acquisition, the director owned 102,997 shares in the company, valued at $369,759.23. This represents a 139.54% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
5E Advanced Materials Stock Performance
NASDAQ:FEAM opened at $3.28 on Wednesday. The company has a fifty day moving average of $2.17 and a two-hundred day moving average of $1.76. 5E Advanced Materials, Inc. has a fifty-two week low of $0.90 and a fifty-two week high of $7.46.
5E Advanced Materials (NASDAQ:FEAM - Get Free Report) last announced its earnings results on Thursday, September 17th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.18.
Analyst Ratings Changes
FEAM has been the topic of a number of research reports. Wall Street Zen raised shares of 5E Advanced Materials from a "sell" rating to a "hold" rating in a research note on Saturday. HC Wainwright boosted their price objective on 5E Advanced Materials from $3.50 to $6.75 and gave the stock a "buy" rating in a research note on Monday, October 5th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of 5E Advanced Materials in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $6.75.
Get Our Latest Research Report on 5E Advanced Materials
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new stake in 5E Advanced Materials during the 1st quarter worth $268,000. Bluescape Energy Partners LLC grew its holdings in shares of 5E Advanced Materials by 7.0% during the fourth quarter. Bluescape Energy Partners LLC now owns 8,130,997 shares of the company's stock worth $24,800,000 after buying an additional 533,648 shares in the last quarter. Aristides Capital LLC acquired a new stake in shares of 5E Advanced Materials in the first quarter valued at about $765,000. Finally, AWM Investment Company Inc. acquired a new stake in shares of 5E Advanced Materials in the second quarter valued at about $4,346,000.
5E Advanced Materials Company Profile
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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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