Factorial Energy (NASDAQ:FAC) Shares Up 3.2% – Should You Buy?

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

Analyst Ratings Changes

Several equities analysts have commented on FAC shares. Weiss Ratings upgraded shares of Factorial Energy from a “sell (e-)” rating to a “sell (e)” rating in a research note on Tuesday, September 1st. Zacks Research upgraded 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 target price on shares of Factorial Energy in a research report on Wednesday, August 12th. Oppenheimer began coverage on shares of Factorial Energy in a research report on Tuesday, August 25th. They issued an “outperform” rating and a $8.00 price target for the company. Finally, Wall Street Zen downgraded shares of Factorial Energy from a “sell” rating to a “strong sell” rating in a research note on Sunday, August 16th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $13.00.

Factorial Energy Stock Up 7.1%

The business has a 50-day moving average of $5.35. The company has a market capitalization of $705.05 million, a P/E ratio of -10.04 and a beta of 1.20.

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

About Factorial Energy

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.