Factorial Energy (NASDAQ:FAC) Shares Gap Down – Time to Sell?

Factorial Energy (NASDAQ:FAC) shares gapped down prior to trading on Tuesday . The stock had previously closed at $5.31, but opened at $5.03. Factorial Energy shares last traded at $5.0240, with a volume of 4,108 shares trading hands.

Wall Street Analyst Weigh In

FAC has been the topic of a number of research analyst reports. Weiss Ratings upgraded shares of Factorial Energy from a “sell (e-)” rating to a “sell (e)” rating in a research note on Tuesday, September 1st. Zacks Research raised shares of Factorial Energy to a “hold” rating in a research report on Wednesday, June 24th. Cantor Fitzgerald restated an “overweight” rating and issued a $18.00 target price on shares of Factorial Energy in a research note on Wednesday, August 12th. Oppenheimer began coverage on shares of Factorial Energy in a research report on Tuesday, August 25th. They set an “outperform” rating and a $8.00 price target on the stock. Finally, Wall Street Zen downgraded Factorial Energy from a “sell” rating to a “strong sell” rating in a research note on Sunday, August 16th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Factorial Energy presently has an average rating of “Hold” and a consensus price target of $13.00.

Factorial Energy Price Performance

The stock has a market cap of $535.10 million, a PE ratio of -7.58 and a beta of 1.20. The business has a 50 day simple moving average of $5.49.

Factorial Energy (NASDAQ:FAC) last released its earnings results on Tuesday, August 11th. The company reported ($0.85) earnings per share for the quarter. Research analysts anticipate that Factorial Energy will post -0.28 earnings per share for the current fiscal year.

About Factorial Energy

Factorial Energy is a battery technology company focused on developing solid-state batteries for electric vehicles and other energy-storage applications. The company’s technology is designed to replace conventional liquid electrolytes with solid materials, with the goal of improving energy density, safety and charging performance compared with traditional lithium-ion batteries.

Factorial’s product development centers on its FEST (Factorial Electrolyte System Technology) platform, which is intended to support lithium-metal and other solid-state battery designs.