Maxim Group Issues Pessimistic Forecast for 5E Advanced Materials (NASDAQ:FEAM) Stock Price

5E Advanced Materials (NASDAQ:FEAM) had its price target lowered by equities research analysts at Maxim Group from $23.00 to $12.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Maxim Group’s price target points to a potential upside of 175.23% from the stock’s current price.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 5E Advanced Materials in a research report on Saturday, February 1st.

5E Advanced Materials Stock Down 13.1 %

Shares of FEAM stock traded down $0.66 during trading hours on Wednesday, reaching $4.36. The company had a trading volume of 64,693 shares, compared to its average volume of 13,854. 5E Advanced Materials has a 12 month low of $3.60 and a 12 month high of $57.04. The company has a debt-to-equity ratio of 35.91, a current ratio of 0.15 and a quick ratio of 0.15. The business has a fifty day simple moving average of $0.48 and a 200-day simple moving average of $0.55. The company has a market cap of $301.01 million, a price-to-earnings ratio of -4.00 and a beta of 1.57.

5E Advanced Materials (NASDAQ:FEAM) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.21) EPS for the quarter. On average, research analysts expect that 5E Advanced Materials will post -0.4 earnings per share for the current fiscal year.

Institutional Trading of 5E Advanced Materials

An institutional investor recently raised its position in 5E Advanced Materials stock. Geode Capital Management LLC lifted its position in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM) by 11.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 487,922 shares of the company’s stock after acquiring an additional 51,668 shares during the period. Geode Capital Management LLC owned approximately 0.71% of 5E Advanced Materials worth $264,000 as of its most recent filing with the Securities & Exchange Commission.

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.