FREYR Battery Inc (FREY) concluded trading on Thursday at a closing price of $2.53, with 7.96 million shares of worth about $20.14 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.00% during that period and on November 21, 2024 the price saw a gain of about 15.00%. Currently the company’s common shares owned by public are about 139.71M shares, out of which, 121.38M shares are available for trading.
Stock saw a price change of 10.00% in past 5 days and over the past one month there was a price change of 150.50%. Year-to-date (YTD), FREY shares are showing a performance of 35.29% which increased to 56.17% 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 $2.85 during that period. The average intraday trading volume for FREYR Battery Inc shares is 2.76 million. The stock is currently trading 47.09% above its 20-day simple moving average (SMA20), while that difference is up 94.45% for SMA50 and it goes to 59.27% 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 41.42% of that.
The stock has a current market capitalization of $355.44M and its 3Y-monthly beta is at 0.92. It has posted earnings per share of -$0.77 in the same period. It has Quick Ratio of 6.36 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 12.07% while standing at 14.40% over the month.
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.
