Factorial Energy (NASDAQ:FAC) Stock Lifted to “Sell” by Wall Street Zen

Wall Street Zen upgraded shares of Factorial Energy (NASDAQ:FAC) from a strong sell rating to a sell rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts have also issued reports on the stock. Weiss Ratings upgraded shares of Factorial Energy from a “sell (e)” rating to a “sell (d)” rating in a research note on Friday, September 25th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $18.00 price target on shares of Factorial Energy in a research note on Wednesday, August 12th. Finally, Oppenheimer started coverage on Factorial Energy in a report on Tuesday, August 25th. They issued 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 issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $13.00.

Factorial Energy Price Performance

Shares of NASDAQ:FAC traded down $0.22 during midday trading on Friday, reaching $3.90. The company had a trading volume of 1,000,408 shares, compared to its average volume of 319,006. The company’s fifty day simple moving average is $5.07. The stock has a market cap of $417.38 million, a PE ratio of -5.82 and a beta of 1.17. Factorial Energy has a one year low of $3.75 and a one year high of $25.33.

Factorial Energy (NASDAQ:FAC) last posted its quarterly earnings data on Tuesday, November 10th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.17. The company had revenue of $0.03 million for the quarter. As a group, equities analysts anticipate that Factorial Energy will post -0.34 earnings per share for the current year.

About Factorial Energy

Factorial Energy is a U.S.-based battery technology company founded in 2013 and headquartered in Woburn, Massachusetts. It develops solid-state lithium-metal batteries for electric vehicles and other applications, with a focus on improving energy storage, safety and charging performance. The company’s proprietary FEST (Factorial Electrolyte System Technology) platform uses a solid electrolyte and is designed to work with existing lithium-ion manufacturing processes. Factorial has collaborated with automakers including Mercedes-Benz, Stellantis and Hyundai Motor Company on the development and evaluation of its battery technology.