Factorial Energy (NASDAQ:FAC – Get Free Report) was down 7.4% on Monday . The company traded as low as $5.30 and last traded at $5.2490. 182,067 shares changed hands during trading, a decline of 38% from the average daily volume of 291,381 shares. The stock had previously closed at $5.67.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. Cantor Fitzgerald started coverage on shares of Factorial Energy in a report on Tuesday, June 23rd. They issued an “overweight” rating and a $18.00 target price on the stock. Zacks Research raised Factorial Energy to a “hold” rating in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.00.
Check Out Our Latest Stock Report on FAC
Factorial Energy Stock Performance
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.
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