Factorial Energy (NASDAQ:FAC) Stock Price Down 5.7% – Time to Sell?

Factorial Energy (NASDAQ:FAC) shares were down 5.7% on Wednesday . The stock traded as low as $4.91 and last traded at $4.9110. 163,449 shares were traded during trading, a decline of 44% from the average daily volume of 291,148 shares. The stock had previously closed at $5.21.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FAC. Weiss Ratings initiated coverage on shares of Factorial Energy in a report on Wednesday, August 12th. They set a “sell (e-)” rating for the company. Oppenheimer initiated coverage on shares of Factorial Energy in a research note on Tuesday. They issued an “outperform” rating and a $8.00 price target for the company. Cantor Fitzgerald reissued an “overweight” rating and set a $18.00 price objective on shares of Factorial Energy in a research report on Wednesday, August 12th. Wall Street Zen downgraded Factorial Energy from a “sell” rating to a “strong sell” rating in a report on Sunday, August 16th. Finally, Zacks Research upgraded shares of Factorial Energy to a “hold” rating in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $13.00.

Factorial Energy Price Performance

The stock has a 50 day moving average of $6.97. The stock has a market cap of $525.58 million, a P/E ratio of -7.44 and a beta of 1.25.

Factorial Energy (NASDAQ:FAC) last announced its earnings results on Tuesday, August 11th. The company reported ($0.85) earnings per share for the quarter. Analysts expect that Factorial Energy will post -0.28 EPS for the current fiscal 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.