Shares of Factorial Energy (NASDAQ:FAC – Get Free Report) dropped 5.2% during mid-day trading on Wednesday . The company traded as low as $5.56 and last traded at $5.65. 109,209 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 288,784 shares. The stock had previously closed at $5.96.
Analysts Set New Price Targets
FAC has been the topic of several recent analyst reports. Wall Street Zen raised shares of Factorial Energy to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings initiated coverage on Factorial Energy in a report on Wednesday. They issued a “sell (e-)” rating for the company. Cantor Fitzgerald restated an “overweight” rating and issued a $18.00 price objective on shares of Factorial Energy in a research note on Wednesday. Finally, Zacks Research raised shares of Factorial Energy to a “hold” rating in a research report on Wednesday, June 24th. One equities research analyst has 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 company currently has an average rating of “Hold” and an average target price of $18.00.
Read Our Latest Stock Analysis on FAC
Factorial Energy Stock Down 1.9%
Factorial Energy (NASDAQ:FAC – Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.85) earnings per share for the quarter. As a group, equities analysts forecast 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.
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