Factorial Energy (NASDAQ:FAC – Get Free Report) shares traded down 3.7% during mid-day trading on Tuesday . The company traded as low as $5.97 and last traded at $6.01. Approximately 49,894 shares traded hands during trading, a decline of 84% from the average daily volume of 303,383 shares. The stock had previously closed at $6.24.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on FAC shares. Cantor Fitzgerald restated an “overweight” rating and issued a $18.00 target price on shares of Factorial Energy in a research note on Wednesday, August 12th. Zacks Research raised shares of Factorial Energy to a “hold” rating in a research note on Wednesday, June 24th. Wall Street Zen lowered shares of Factorial Energy from a “sell” rating to a “strong sell” rating in a report on Sunday, August 16th. Oppenheimer assumed coverage on shares of Factorial Energy in a research report on Tuesday, August 25th. They issued an “outperform” rating and a $8.00 price objective for the company. Finally, Weiss Ratings upgraded Factorial Energy from a “sell (e-)” rating to a “sell (e)” rating in a research note on Tuesday, September 1st. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Factorial Energy presently has a consensus rating of “Hold” and a consensus price target of $13.00.
Get Our Latest Analysis on Factorial Energy
Factorial Energy Stock Down 2.8%
Factorial Energy (NASDAQ:FAC – Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.85) earnings per share for the quarter. Equities analysts anticipate that Factorial Energy will post -0.28 earnings per share 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.
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