Factorial Energy (NASDAQ:FAC) Trading Up 15% – Time to Buy?

Factorial Energy (NASDAQ:FAC)’s share price rose 15% during trading on Tuesday . The stock traded as high as $5.86 and last traded at $5.9940. 118,558 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 289,536 shares. The stock had previously closed at $5.21.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $18.00 price objective on shares of Factorial Energy in a research note on Wednesday, August 12th. Oppenheimer assumed coverage on Factorial Energy in a research note on Tuesday, August 25th. They set an “outperform” rating and a $8.00 target price on the stock. Weiss Ratings raised Factorial Energy from a “sell (e-)” rating to a “sell (e)” rating in a report on Tuesday, September 1st. Zacks Research upgraded Factorial Energy to a “hold” rating in a research note on Wednesday, June 24th. Finally, Wall Street Zen lowered 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 assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.00.

Factorial Energy Stock Performance

The stock has a 50 day simple moving average of $5.96. The company has a market cap of $573.63 million, a price-to-earnings ratio of -8.12 and a beta of 1.20.

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

Factorial Energy Company Profile

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.