Factorial Energy (NASDAQ:FAC) Hits New 12-Month Low – Here’s Why

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FAC. Zacks Research raised Factorial Energy to a “hold” rating in a report on Wednesday, June 24th. Cantor Fitzgerald initiated coverage on Factorial Energy in a research report on Tuesday, June 23rd. They issued an “overweight” rating and a $18.00 target price on the stock. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Factorial Energy Stock Performance

The firm has a market capitalization of $642.12 million and a PE ratio of 38.83.

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.