Fintel reports that on September 14, 2023, DA Davidson maintained coverage of 5E Advanced Materials (NASDAQ:FEAM) with a Buy recommendation.
Analyst Price Forecast Suggests 589.19% Upside
As of August 31, 2023, the average one-year price target for 5E Advanced Materials is 15.30. The forecasts range from a low of 10.10 to a high of $26.25. The average price target represents an increase of 589.19% from its latest reported closing price of 2.22.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for 5E Advanced Materials is 2MM, an increase of 3,647.52%. The projected annual non-GAAP EPS is -1.07.
What is the Fund Sentiment?
There are 150 funds or institutions reporting positions in 5E Advanced Materials. This is an increase of 2 owner(s) or 1.35% in the last quarter. Average portfolio weight of all funds dedicated to FEAM is 0.01%, a decrease of 21.38%. Total shares owned by institutions decreased in the last three months by 1.89% to 9,565K shares. 
The put/call ratio of FEAM is 0.03, indicating a bullish outlook.
What are Other Shareholders Doing?
PBW - Invesco WilderHill Clean Energy ETF holds 1,639K shares representing 0.37% ownership of the company. In it's prior filing, the firm reported owning 1,383K shares, representing an increase of 15.61%. The firm decreased its portfolio allocation in FEAM by 30.79% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 968K shares representing 0.22% ownership of the company. No change in the last quarter.
IWM - iShares Russell 2000 ETF holds 964K shares representing 0.22% ownership of the company. In it's prior filing, the firm reported owning 830K shares, representing an increase of 13.84%. The firm decreased its portfolio allocation in FEAM by 35.25% over the last quarter.
Invesco holds 875K shares representing 0.20% ownership of the company. In it's prior filing, the firm reported owning 1,706K shares, representing a decrease of 95.02%. The firm increased its portfolio allocation in FEAM by 215.05% over the last quarter.
Geode Capital Management holds 684K shares representing 0.15% ownership of the company. In it's prior filing, the firm reported owning 641K shares, representing an increase of 6.32%. The firm decreased its portfolio allocation in FEAM by 41.54% over the last quarter.
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