Factorial Energy (NASDAQ:FAC) Reaches New 1-Year Low – Here’s What Happened

Shares of Factorial Energy (NASDAQ:FAC) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $4.24 and last traded at $6.00, with a volume of 4131013 shares. The stock had previously closed at $9.32.

Analysts Set New Price Targets

FAC has been the topic of a number of recent research reports. Cantor Fitzgerald assumed coverage on Factorial Energy in a report on Tuesday, June 23rd. They issued an “overweight” rating and a $18.00 target price on the stock. Zacks Research upgraded Factorial Energy to a “hold” rating in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.00.

Factorial Energy Trading Down 0.2%

The company has a market capitalization of $649.61 million and a price-to-earnings ratio of 25.29.

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.