FREYR Battery Inc (NYSE:FREY) traded at $2.45 at close of the session on current trade day and made a downward move of -3.16% on its previous day’s price.
Looking at the stock we see that its previous close was $2.53 and the beta (5Y monthly) reads 0.72 with the day’s price range being $2.41 – $2.63. In terms of its 52-week price range, FREY has a high of $2.85 and a low of $0.91. The company’s stock has gained about 142.57% over that past 30 days.
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FREYR Battery Inc has a market cap of $333.32 million and is expected to release its quarterly earnings report in December. Estimates by analysts give the company expected earnings per share (EPS) of -0.15, with the EPS growth for the year raised at -0.74 for current year and -0.74 for next year.
On the other hand, looking at the outlook for the FREY stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 50% Sell.
Based on estimates by 3 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the FREYR Battery Inc (FREY) stock as a Hold, while 3 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 36.76% off its SMA20 and 84.23% from its 50-day simple moving average. The RSI (14) is pointing at 68.18 while the volatility over the past week is 11.58% and jumps to 13.75% over the past one month. The beta value is 1.03, while the average true range (ATR) is currently pointing at 0.24. The average price target for the stock over the next 12 months is $19, with the estimates having a low of $13 and a high of $25. These price ends are -430.61% and -920.41% off the current price level respectively, although investors could be excited at the prospect of a -675.51% if the FREY share price touches on the median price of $19.
Coming back to FREYR Battery Inc (NYSE:FREY), we note that the average 3-month trading volume was 2.88 million, while that of the preceding 10-day period stands at 4.36 million. Current shares outstanding are 139.71 million.
The insiders hold 13.60% of the company’s shares while institutions hold 41.42%. The data shows that short shares as of 2024-10-31, stood at 11.77 million at a short ratio of 7.69. This represents a 922.00 short interest in shares outstanding on 2024-10-31. Shares short fall in October from the previous month at 11.79 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 31.02% up in year-to-date price movement.
