Factorial Energy (NASDAQ:FAC) Stock Price Down 5.7% – What’s Next?

Factorial Energy (NASDAQ:FAC) shares were down 5.7% during trading on Wednesday . The company traded as low as $4.91 and last traded at $4.9110. Approximately 163,449 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 291,148 shares. The stock had previously closed at $5.21.

Analyst Ratings Changes

FAC has been the subject of several research reports. Zacks Research raised Factorial Energy to a “hold” rating in a research note on Wednesday, June 24th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $18.00 price target on shares of Factorial Energy in a research report on Wednesday, August 12th. Wall Street Zen downgraded shares of Factorial Energy from a “sell” rating to a “strong sell” rating in a report on Sunday, August 16th. Oppenheimer initiated coverage on shares of Factorial Energy in a research report on Tuesday. They set an “outperform” rating and a $8.00 price objective for the company. Finally, Weiss Ratings began coverage on shares of Factorial Energy in a research note on Wednesday, August 12th. They issued a “sell (e-)” rating on the stock. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $13.00.

Factorial Energy Stock Performance

The company has a market capitalization of $562.93 million, a P/E ratio of -7.97 and a beta of 1.25. The firm’s fifty day simple moving average is $6.90.

Factorial Energy (NASDAQ:FAC) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.85) EPS for the quarter. On average, analysts forecast that Factorial Energy will post -0.28 EPS for the current fiscal year.

About Factorial Energy

We are a blank check company incorporated on October 29, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.