Factorial Energy (NASDAQ:FAC) Trading 3.2% Higher – Should You Buy?

Factorial Energy (NASDAQ:FAC) shares were up 3.2% on Wednesday . The company traded as high as $6.60 and last traded at $6.3450. 59,607 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 303,867 shares. The stock had previously closed at $6.15.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Weiss Ratings upgraded Factorial Energy from a “sell (e-)” rating to a “sell (e)” rating in a research report on Tuesday, September 1st. 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 Factorial Energy to a “hold” rating in a report on Wednesday, June 24th. Wall Street Zen lowered shares of Factorial Energy from a “sell” rating to a “strong sell” rating in a research report on Sunday, August 16th. Finally, Oppenheimer initiated coverage on shares of Factorial Energy in a research note on Tuesday, August 25th. They set an “outperform” rating and a $8.00 price target on the stock. Two 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $13.00.

Factorial Energy Price Performance

The business’s 50 day moving average price is $5.35. The firm has a market capitalization of $705.05 million, a PE ratio of -10.04 and a beta of 1.20.

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