Factorial Energy (NASDAQ:FAC) Shares Down 5.7% – Time to Sell?

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

Analysts Set New Price Targets

A number of research firms recently commented on FAC. Oppenheimer began coverage on Factorial Energy in a research note on Tuesday. They issued an “outperform” rating and a $8.00 price target for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $18.00 target price on shares of Factorial Energy in a research note on Wednesday, August 12th. Wall Street Zen cut Factorial Energy from a “sell” rating to a “strong sell” rating in a research report on Sunday, August 16th. Weiss Ratings initiated coverage on shares of Factorial Energy in a research report on Wednesday, August 12th. They issued a “sell (e-)” rating on the stock. Finally, Zacks Research raised Factorial Energy to a “hold” rating in a research report on Wednesday, June 24th. Two equities research 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $13.00.

Factorial Energy Trading Down 5.7%

The stock has a market capitalization of $525.58 million, a P/E ratio of -7.44 and a beta of 1.25. The company’s 50-day moving average is $6.97.

Factorial Energy (NASDAQ:FAC) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.85) EPS for the quarter. As a group, sell-side analysts expect 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.