FREYR Battery Inc. (FREY) concluded trading on Thursday at a closing price of $1.01, with 11.3 million shares of worth about $11.41 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -36.08% during that period and on October 24, 2024 the price remained unchanged. Currently the company’s common shares owned by public are about 139.71M shares, out of which, 121.50M shares are available for trading.
Stock saw a price change of -0.98% in past 5 days and over the past one month there was a price change of 0.00%. Year-to-date (YTD), FREY shares are showing a performance of -45.99% which decreased to -70.38% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.91 but also hit the highest price of $3.73 during that period. The average intraday trading volume for FREYR Battery Inc. shares is 1.19 million. The stock is currently trading -0.25% below its 20-day simple moving average (SMA20), while that difference is down -6.99% for SMA50 and it goes to -35.16% 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 42.51% of that.
The stock has a current market capitalization of $141.89M and its 3Y-monthly beta is at 0.72. It has posted earnings per share of -$0.64 in the same period. It has Quick Ratio of 6.63 while making debt-to-equity ratio of 0.04. 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 9.32% while standing at 6.98% over the month.
Stock’s fiscal year EPS is expected to drop by -54.90% while it is estimated to increase by 10.13% in next year.
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. On October 25, 2023, TD Cowen Downgrade their recommendations, while on July 18, 2023, Goldman Downgrade their ratings for the stock with a price target of $10. Stock get an Overweight rating from Morgan Stanley on June 29, 2023.
