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FREYR Battery (NYSE:FREY) Is Up 50.39% Over The Past 30 Days: Is There Trouble Ahead?

In last trading session, FREYR Battery (NYSE:FREY) saw 13.94 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $15.37 trading at -$0.02 or -0.13% at ring of the bell on the day assigns it a market valuation of $1.91B. That closing price of FREY’s stock is at a discount of -3.77% from its 52-week high price of $15.95 and is indicating a premium of 58.23% from its 52-week low price of $6.42. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.8 million shares which gives us an average trading volume of 1.97 million if we extend that period to 3-months.

FREYR Battery (NYSE:FREY) trade information

Upright in the red during last session for losing -0.13%, in the last five days FREY remained trading in the green while hitting it’s week-highest on Thursday, 09/22/22 when the stock touched $15.37 price level, adding 7.24% to its value on the day. FREYR Battery’s shares saw a change of 37.48% in year-to-date performance and have moved 5.78% in past 5-day. FREYR Battery (NYSE:FREY) showed a performance of 50.39% in past 30-days. Number of shares sold short was 5.16 million shares which calculate 5.24 days to cover the short interests.

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FREYR Battery (FREY) estimates and forecasts

Statistics highlight that FREYR Battery is scoring comparatively higher than the scores of other players of the relevant industry. The company added 38.84% of value to its shares in past 6 months, showing an annual growth rate of 16.94% while that of industry is 13.40. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -550.00% in the current quarter and calculating 28.60% increase in the next quarter.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3 million for the same. And 1 analysts are in estimates of company making revenue of $3.7 million in the next quarter that will end on Sep 2022.

FREY Dividends

FREYR Battery is more likely to be releasing its next quarterly report in October and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

FREYR Battery (NYSE:FREY)’s Major holders

Insiders are in possession of 24.02% of company’s total shares while institution are holding 51.95 percent of that, with stock having share float percentage of 68.37%. Investors also watch the number of corporate investors in a company very closely, which is 51.95% institutions for FREYR Battery that are currently holding shares of the company. Sylebra Capital Ltd is the top institutional holder at FREY for having 12.79 million shares of worth $156.75 million. And as of Mar 30, 2022, it was holding 10.94% of the company’s outstanding shares.

The second largest institutional holder is Spring Creek Capital LLC, which was holding about 11.5 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 9.84% of outstanding shares, having a total worth of $140.99 million.

On the other hand, Global X Fds-Global X Lithium & Battery Tech ETF and Brighthouse Fds Tr II-Van Eck Global Natural Resources Porfolio are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 1.76 million shares of worth $12.05 million or 1.51% of the total outstanding shares. The later fund manager was in possession of 1.01 million shares on Mar 30, 2022, making its stake of worth around $12.37 million in the company or a holder of 0.86% of company’s stock.

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