FREYR Battery Inc (FREY) concluded trading on Wednesday at a closing price of $1.75, with 44.66 million shares of worth about $78.16 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.41% during that period and on November 06, 2024 the price saw a gain of about 66.67%. 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 75.00% in past 5 days and over the past one month there was a price change of 81.33%. Year-to-date (YTD), FREY shares are showing a performance of -6.42% which decreased to -49.42% 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 $3.70 during that period. The average intraday trading volume for FREYR Battery Inc shares is 1.34 million. The stock is currently trading 65.38% above its 20-day simple moving average (SMA20), while that difference is up 65.74% for SMA50 and it goes to 13.56% higher than SMA200.
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FREYR Battery Inc (NYSE: FREY) currently have 139.71M outstanding shares and institutions hold larger chunk of about 42.52% of that.
The stock has a current market capitalization of $245.85M and its 3Y-monthly beta is at 0.72. It has posted earnings per share of -$0.77 in the same period. It has Quick Ratio of 6.63 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 14.49% while standing at 8.25% over the month.
Analysts are in expectations that FREYR Battery Inc (FREY) stock would likely to be making an EPS of -0.18 in the current quarter, while forecast for next quarter EPS is -0.18 and it is -0.68 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.22 which is -0.15 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 -0.07 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -45.10% while it is estimated to increase by 14.86% 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.
