Factorial Energy (NASDAQ:FAC) Stock Price Down 8.2% – Time to Sell?

Factorial Energy (NASDAQ:FAC)’s stock price traded down 8.2% during mid-day trading on Monday . The company traded as low as $4.81 and last traded at $4.6910. 134,152 shares traded hands during trading, a decline of 54% from the average session volume of 289,145 shares. The stock had previously closed at $5.11.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FAC. Zacks Research raised Factorial Energy to a “hold” rating in a report on Wednesday, June 24th. Cantor Fitzgerald assumed coverage on Factorial Energy in a research report on Tuesday, June 23rd. They issued an “overweight” rating and a $18.00 price target on the stock. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Factorial Energy presently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Factorial Energy Trading Down 5.4%

The company has a market cap of $517.44 million and a PE ratio of 20.08.

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.