FREYR Battery Inc. (FREY) concluded trading on 01/11/24 at a closing price of $1.58, with 2.58 million shares of worth about $4.08 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -83.96% during that period and on Thursday the price saw a loss of about -5.95%. Currently the company’s common shares owned by public are about 139.71M shares, out of which, 117.03M shares are available for trading.
FREYR Battery Inc. (NYSE: FREY) started trading at $1.67, below -$0.01 from concluding price of the previous day. Stock saw a price change of -16.84% in past 5 days and over the past one month there was a price change of -15.51%. Year-to-date (YTD), FREY shares are showing a performance of -15.51% which decreased to -83.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.40 but also hit the highest price of $11.16 during that period. The average intraday trading volume for FREYR Battery Inc. shares is 3.60 million. The stock is currently trading -15.39% below its 20-day simple moving average (SMA20), while that difference is down -22.92% for SMA50 and it goes to -72.33% lower than SMA200.
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FREYR Battery Inc. (NYSE: FREY) currently have 139.71M outstanding shares and institutions hold larger chunk of about 44.49% of that.
The stock has a current market capitalization of $220.74M and its 3Y-monthly beta is at 0.68. It has posted earnings per share of -$0.14 in the same period. It has Quick Ratio of 7.05 while making debt-to-equity ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FREY, volatility over the week remained 8.19% while standing at 8.79% over the month.
Analysts are in expectations that FREYR Battery Inc. (FREY) stock would likely to be making an EPS of -$0.25 in the current quarter, while forecast for next quarter EPS is -$0.19 and it is -$1.19 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.28 which is -$0.2 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.2 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 7.16% while it is estimated to decrease by -46.35% in next year.
Analysts at 6 brokerage firms have issued recommendations for the FREYR Battery Inc. (FREY)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.17. Out of those 6 Wall Street analysts, 0 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on November 14, 2023 offering an Equal-weight rating for the stock and assigned a target price range of between $13 and $2 to it.
