Maxim Group Trims 5E Advanced Materials (NASDAQ:FEAM) Target Price to $1.25

5E Advanced Materials (NASDAQ:FEAM) had its target price cut by Maxim Group from $4.00 to $1.25 in a report published on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

Separately, DA Davidson reissued a buy rating and issued a $10.00 price objective on shares of 5E Advanced Materials in a research note on Thursday, September 5th.

5E Advanced Materials Stock Performance

NASDAQ:FEAM opened at $0.51 on Thursday. The stock has a market capitalization of $34.77 million, a P/E ratio of -0.45 and a beta of 1.96. The company has a current ratio of 0.70, a quick ratio of 1.38 and a debt-to-equity ratio of 6.37. 5E Advanced Materials has a 1 year low of $0.50 and a 1 year high of $3.35. The firm has a 50 day moving average of $0.86 and a 200-day moving average of $1.20.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FEAM. AQR Capital Management LLC bought a new stake in shares of 5E Advanced Materials during the second quarter worth approximately $27,000. Simplicity Wealth LLC acquired a new stake in 5E Advanced Materials during the 1st quarter worth $42,000. Bleakley Financial Group LLC bought a new stake in shares of 5E Advanced Materials during the 1st quarter valued at $42,000. Leo Wealth LLC bought a new position in shares of 5E Advanced Materials in the 4th quarter worth $60,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of 5E Advanced Materials during the second quarter worth $61,000.

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.