Factorial Energy (NASDAQ:FAC) Trading Down 6% – Here’s What Happened

Shares of Factorial Energy (NASDAQ:FAC) traded down 6% during trading on Wednesday . The stock traded as low as $5.27 and last traded at $5.35. 57,134 shares were traded during trading, a decline of 80% from the average session volume of 291,179 shares. The stock had previously closed at $5.69.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Zacks Research raised shares of Factorial Energy to a “hold” rating in a report on Wednesday, June 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $18.00 price objective on shares of Factorial Energy in a research note 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. 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 started coverage on Factorial Energy in a report on Tuesday, August 25th. They set an “outperform” rating and a $8.00 target price on the stock. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Factorial Energy currently has a consensus rating of “Hold” and an average price target of $13.00.

Factorial Energy Trading Down 5.3%

The firm’s fifty day moving average price is $6.08. The stock has a market capitalization of $576.84 million, a PE ratio of -8.15 and a beta of 1.20.

Factorial Energy (NASDAQ:FAC) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.85) earnings per share (EPS) for the quarter. On average, sell-side analysts expect that Factorial Energy will post -0.28 earnings per share 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.