Factorial Energy (NASDAQ:FAC) Shares Down 3.7% – Time to Sell?

by · The Markets Daily

Factorial Energy (NASDAQ:FAC – Get Free Report)’s share price traded down 3.7% during mid-day trading on Tuesday . The stock traded as low as $5.97 and last traded at $6.01. 49,894 shares were traded during mid-day trading, a decline of 84% from the average session volume of 303,383 shares. The stock had previously closed at $6.24.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FAC. Zacks Research upgraded Factorial Energy to a “hold” rating in a research report on Wednesday, June 24th. Cantor Fitzgerald restated an “overweight” rating and issued a $18.00 price objective on shares of Factorial Energy in a report on Wednesday, August 12th. Wall Street Zen cut Factorial Energy from a “sell” rating to a “strong sell” rating in a research note on Sunday, August 16th. Oppenheimer initiated 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. Finally, Weiss Ratings upgraded shares of Factorial Energy from a “sell (e-)” rating to a “sell (e)” rating in a research report on Tuesday, September 1st. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $13.00.

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Factorial Energy Stock Performance

The firm’s fifty day simple moving average is $5.35. The company has a market capitalization of $649.29 million, a P/E ratio of -9.19 and a beta of 1.20.

Factorial Energy (NASDAQ:FAC – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.85) earnings per share for the quarter. On average, analysts forecast that Factorial Energy will post -0.28 EPS for the current fiscal year.

Factorial Energy Company Profile

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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.

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