Factorial Energy (NASDAQ:FAC) Shares Up 7.9% – Still a Buy?

Factorial Energy (NASDAQ:FAC) was up 7.9% on Tuesday . The company traded as high as $4.99 and last traded at $4.9620. 92,452 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 289,954 shares. The stock had previously closed at $4.60.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FAC. Weiss Ratings started coverage on Factorial Energy in a research report on Wednesday, August 12th. They set a “sell (e-)” rating for the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $18.00 target price on shares of Factorial Energy in a research note on Wednesday, August 12th. Wall Street Zen downgraded shares of Factorial Energy from a “sell” rating to a “strong sell” rating in a report on Sunday, August 16th. Zacks Research upgraded shares of Factorial Energy to a “hold” rating in a research report on Wednesday, June 24th. Finally, Oppenheimer started coverage on shares of Factorial Energy in a report on Tuesday. They set an “outperform” rating and a $8.00 price objective for the company. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Factorial Energy currently has an average rating of “Hold” and a consensus target price of $13.00.

Factorial Energy Stock Up 14.8%

The stock has a 50-day simple moving average of $7.01. The stock has a market capitalization of $564.96 million, a price-to-earnings ratio of -7.96 and a beta of 1.27.

Factorial Energy (NASDAQ:FAC) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.85) EPS for the quarter. On average, analysts anticipate that Factorial Energy will post -0.28 earnings per share for the current 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.