Factorial Energy (NASDAQ:FAC) Shares Gap Down – What’s Next?

Factorial Energy (NASDAQ:FAC)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $5.31, but opened at $5.03. Factorial Energy shares last traded at $5.0240, with a volume of 4,108 shares.

Analyst Ratings Changes

Several analysts have recently issued reports on FAC shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $18.00 price objective on shares of Factorial Energy in a report on Wednesday, August 12th. Zacks Research raised shares of Factorial Energy to a “hold” rating in a report on Wednesday, June 24th. Wall Street Zen cut shares of Factorial Energy from a “sell” rating to a “strong sell” rating in a research report on Sunday, August 16th. Weiss Ratings raised shares of Factorial Energy from a “sell (e-)” rating to a “sell (e)” rating in a research note on Tuesday, September 1st. Finally, Oppenheimer began coverage on shares of Factorial Energy in a research report on Tuesday, August 25th. They set an “outperform” rating and a $8.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.00.

Factorial Energy Stock Performance

The firm’s 50-day moving average is $5.67. The company has a market capitalization of $532.10 million, a PE ratio of -7.53 and a beta of 1.20.

Factorial Energy (NASDAQ:FAC) last posted 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 earnings per share for the current year.

Factorial Energy Company Profile

Factorial Energy is a battery technology company focused on developing solid-state batteries for electric vehicles and other energy-storage applications. The company’s technology is designed to replace conventional liquid electrolytes with solid materials, with the goal of improving energy density, safety and charging performance compared with traditional lithium-ion batteries.

Factorial’s product development centers on its FEST (Factorial Electrolyte System Technology) platform, which is intended to support lithium-metal and other solid-state battery designs.