Factorial Energy (NASDAQ:FAC) Trading Up 15% - Should You Buy?

Key Points

• Factorial Energy shares jumped 15% to approximately $5.99, although trading volume was 59% below the average session volume.
• Analyst sentiment is mixed: the stock carries an average “Hold” rating with a $13.00 consensus price target, including an $18.00 target from Cantor Fitzgerald and an $8.00 target from Oppenheimer.
• The company reported a quarterly loss of $0.85 per share, while analysts expect a full-year loss of $0.28 per share. Factorial Energy is a blank-check company that has not yet selected or begun substantive discussions with a merger target.

Factorial Energy (NASDAQ:FAC - Get Free Report) shares shot up 15% during mid-day trading on Tuesday . The company traded as high as $5.86 and last traded at $5.9940. Approximately 118,558 shares were traded during trading, a decline of 59% from the average session volume of 289,536 shares. The stock had previously closed at $5.21.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $18.00 price target on shares of Factorial Energy in a research note on Wednesday, August 12th. Wall Street Zen cut shares of Factorial Energy from a "sell" rating to a "strong sell" rating in a research report on Sunday, August 16th. Zacks Research upgraded shares of Factorial Energy to a "hold" rating in a research note on Wednesday, June 24th. Oppenheimer started coverage on shares of Factorial Energy in a research report on Tuesday, August 25th. They set an "outperform" rating and a $8.00 target price on the stock. Finally, Weiss Ratings raised shares of Factorial Energy from a "sell (e-)" rating to a "sell (e)" rating in a research note on Tuesday, September 1st. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $13.00.

Factorial Energy Stock Performance

The stock has a market cap of $637.30 million, a PE ratio of -9.03 and a beta of 1.20. The company's 50 day simple moving average is $6.19.

Factorial Energy (NASDAQ:FAC - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.85) earnings per share for the quarter. On average, analysts expect that Factorial Energy will post -0.28 earnings per share 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.

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