Factorial Energy (NASDAQ:FAC) Stock Price Down 7.4% – Here’s Why

Factorial Energy (NASDAQ:FAC)’s share price fell 7.4% during mid-day trading on Monday . The stock traded as low as $5.30 and last traded at $5.2490. 182,067 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 291,381 shares. The stock had previously closed at $5.67.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on FAC shares. Zacks Research upgraded shares of Factorial Energy to a “hold” rating in a research report on Wednesday, June 24th. Cantor Fitzgerald started coverage on shares of Factorial Energy in a research report on Tuesday, June 23rd. They issued an “overweight” rating and a $18.00 price target for the company. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Factorial Energy currently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Factorial Energy Price Performance

The stock has a market capitalization of $561.43 million and a PE ratio of 21.74.

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.