Factorial Energy (NASDAQ:FAC) Shares Gap Down – Should You Sell?

Factorial Energy (NASDAQ:FAC) 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.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wall Street Zen lowered Factorial Energy from a “sell” rating to a “strong sell” rating in a research note on Sunday, August 16th. Oppenheimer initiated coverage on Factorial Energy in a research report on Tuesday, August 25th. They issued an “outperform” rating and a $8.00 price objective on the stock. Zacks Research upgraded Factorial Energy to a “hold” rating in a research note on Wednesday, June 24th. Cantor Fitzgerald reiterated an “overweight” rating and set a $18.00 target price on shares of Factorial Energy in a research report on Wednesday, August 12th. 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 analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Factorial Energy currently has a consensus rating of “Hold” and an average target price of $13.00.

Factorial Energy Price Performance

The company has a market capitalization of $532.10 million, a price-to-earnings ratio of -7.53 and a beta of 1.20. The firm has a 50-day moving average of $5.67.

Factorial Energy (NASDAQ:FAC) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.85) earnings per share for the quarter. Analysts forecast that Factorial Energy will post -0.28 earnings per share for the current year.

Factorial Energy Company Profile

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.