Factorial Energy (NASDAQ:FAC) Shares Gap Up – Here’s Why

Factorial Energy (NASDAQ:FAC) shares gapped up prior to trading on Monday . The stock had previously closed at $5.16, but opened at $5.36. Factorial Energy shares last traded at $5.0710, with a volume of 39,032 shares.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wall Street Zen cut shares of Factorial Energy from a “sell” rating to a “strong sell” rating in a research report on Sunday. Weiss Ratings initiated coverage on shares of Factorial Energy in a report on Wednesday, August 12th. They issued a “sell (e-)” rating on the stock. Zacks Research raised shares of Factorial Energy to a “hold” rating in a research note on Wednesday, June 24th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $18.00 target price on shares of Factorial Energy in a report on Wednesday, August 12th. One analyst has 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $18.00.

Factorial Energy Stock Up 0.2%

The stock has a fifty day moving average price of $7.24. The firm has a market cap of $526.54 million, a P/E ratio of -7.45 and a beta of 1.27.

Factorial Energy (NASDAQ:FAC) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.85) earnings per share for the quarter. As a group, analysts forecast that Factorial Energy will post -0.28 EPS for the current fiscal 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.