Factorial Energy (NASDAQ:FAC – Get Free Report) traded down 6% on Wednesday . The stock traded as low as $5.27 and last traded at $5.35. 57,134 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 291,179 shares. The stock had previously closed at $5.69.
Analyst Ratings Changes
Several equities analysts have recently issued reports on FAC shares. Zacks Research upgraded shares of Factorial Energy to a “hold” rating in a report on Wednesday, June 24th. Oppenheimer started coverage on shares of Factorial Energy in a research note on Tuesday, August 25th. They issued an “outperform” rating and a $8.00 target price for the company. Weiss Ratings raised shares of Factorial Energy from a “sell (e-)” rating to a “sell (e)” rating in a research report on Tuesday, September 1st. Cantor Fitzgerald restated an “overweight” rating and set a $18.00 price target on shares of Factorial Energy in a research note on Wednesday, August 12th. Finally, Wall Street Zen cut shares of Factorial Energy from a “sell” rating to a “strong sell” rating in a report on Sunday, August 16th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $13.00.
Read Our Latest Report on Factorial Energy
Factorial Energy Stock Performance
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. On average, research analysts forecast that Factorial Energy will post -0.28 earnings per share 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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