Factorial Energy (NASDAQ:FAC) Trading 8.6% Higher – Time to Buy?

Factorial Energy (NASDAQ:FAC) shares shot up 8.6% on Thursday . The company traded as high as $5.51 and last traded at $5.4310. Approximately 31,220 shares traded hands during trading, a decline of 89% from the average session volume of 288,189 shares. The stock had previously closed at $5.00.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. 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. Wall Street Zen cut shares of Factorial Energy from a “sell” rating to a “strong sell” rating in a report on Sunday, August 16th. Zacks Research upgraded shares of Factorial Energy to a “hold” rating in a research report on Wednesday, June 24th. Cantor Fitzgerald reissued an “overweight” rating and set a $18.00 price target on shares of Factorial Energy in a research report on Wednesday, August 12th. Finally, Weiss Ratings upgraded Factorial Energy from a “sell (e-)” rating to a “sell (e)” rating in a research note on Tuesday, September 1st. Two research 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 MarketBeat.com, Factorial Energy presently has a consensus rating of “Hold” and a consensus target price of $13.00.

Factorial Energy Trading Up 14.2%

The firm’s fifty day simple moving average is $5.49. The firm has a market capitalization of $611.08 million, a PE ratio of -8.64 and a beta of 1.20.

Factorial Energy (NASDAQ:FAC) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.85) EPS for the quarter. On average, equities 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.