Factorial Energy (NASDAQ:FAC) Shares Down 5.2% – Here’s What Happened

Factorial Energy (NASDAQ:FAC)’s stock price traded down 5.2% on Wednesday . The stock traded as low as $5.56 and last traded at $5.65. Approximately 109,209 shares changed hands during trading, a decline of 62% from the average session volume of 288,784 shares. The stock had previously closed at $5.96.

Analyst Ratings Changes

A number of brokerages recently commented on FAC. Zacks Research raised shares of Factorial Energy to a “hold” rating in a research 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 note on Wednesday. Finally, Wall Street Zen raised Factorial Energy to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.00.

Factorial Energy Stock Performance

The stock has a market capitalization of $600.40 million, a P/E ratio of 23.38 and a beta of 1.27.

Factorial Energy (NASDAQ:FAC) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.85) earnings per share (EPS) for the quarter. On average, equities analysts anticipate that Factorial Energy will post -0.19 EPS 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.