Factorial Energy (NASDAQ:FAC) Stock Falls 4.3% – Should You Sell?

Factorial Energy (NASDAQ:FAC)’s stock price traded down 4.3% during trading on Friday. The stock traded as low as $6.11 and last traded at $6.0310. 41,127 shares were traded during mid-day trading, a decline of 87% from the average session volume of 308,869 shares. The stock had previously closed at $6.30.

Analyst Ratings Changes

FAC has been the topic of several analyst reports. Oppenheimer assumed coverage on Factorial Energy in a research note on Tuesday, August 25th. They issued an “outperform” rating and a $8.00 price objective on the stock. Zacks Research upgraded Factorial Energy to a “hold” rating in a report on Wednesday, June 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $18.00 price target on shares of Factorial Energy in a research report on Wednesday, August 12th. Weiss Ratings upgraded Factorial Energy from a “sell (e)” rating to a “sell (d)” rating in a research note on Friday, September 25th. Finally, Wall Street Zen downgraded Factorial Energy from a “sell” rating to a “strong sell” rating in a research report on Sunday, August 16th. 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $13.00.

Factorial Energy Stock Down 3.7%

The firm has a market capitalization of $649.18 million, a price-to-earnings ratio of -9.20 and a beta of 0.80. The company has a 50-day moving average price of $5.45.

Factorial Energy (NASDAQ:FAC) last issued its earnings results on Tuesday, August 11th. The company reported ($0.85) earnings per share for the quarter. On average, equities analysts forecast that Factorial Energy will post -0.28 earnings per share for the current year.

About Factorial Energy

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.