Factorial Energy (NASDAQ:FAC) Stock Price Down 6% – Here’s Why
by Danessa Lincoln · The Markets DailyFactorial Energy (NASDAQ:FAC – Get Free Report)’s stock price traded down 6% during mid-day trading on Wednesday . The stock traded as low as $5.27 and last traded at $5.35. Approximately 57,134 shares were traded during trading, a decline of 80% from the average daily volume of 291,179 shares. The stock had previously closed at $5.69.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on FAC. Weiss Ratings raised Factorial Energy from a “sell (e-)” rating to a “sell (e)” rating in a report on Tuesday, September 1st. Zacks Research upgraded shares of 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 objective on shares of Factorial Energy in a research report on Wednesday, August 12th. Oppenheimer began coverage on shares of Factorial Energy in a research note on Tuesday, August 25th. They issued an “outperform” rating and a $8.00 target price for the company. Finally, Wall Street Zen downgraded shares of 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 assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $13.00.
Read Our Latest Research Report on FAC
Factorial Energy Stock Performance
The company has a 50 day simple moving average of $6.08. The firm has a market cap of $576.84 million, a PE ratio of -8.15 and a beta of 1.20.
Factorial Energy (NASDAQ:FAC – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.85) EPS for the quarter. As a group, analysts anticipate that Factorial Energy will post -0.28 EPS for the current year.
Factorial Energy Company Profile
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.