FREYR Battery Inc. (NYSE: FREY) Could Have Exceptional Returns?

In the last trading session, 1.09 million shares of the FREYR Battery Inc. (NYSE:FREY) were traded, and its beta was 0.70. Most recently the company’s share price was $1.62, and it changed around -$0.03 or -1.82% from the last close, which brings the market valuation of the company to $226.33M. FREY currently trades at a discount to its 52-week high of $10.10, offering almost -523.46% off that amount. The share price’s 52-week low was $1.21, which indicates that the current value has risen by an impressive 25.31% since then. We note from FREYR Battery Inc.’s average daily trading volume that its 3-month average coming to 1.61 million.

FREYR Battery Inc. (NYSE:FREY) trade information

Instantly FREY has showed a red trend with a performance of -1.82% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -13.37% year-to-date, but still down -12.90% over the last five days. On the other hand, FREYR Battery Inc. (NYSE:FREY) is 4.52% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $19, which translates to bulls needing to increase their stock price by 91.47% from its current value. Analyst projections state that FREY is forecast to be at a low of $13 and a high of $25.

FREYR Battery Inc. (FREY) estimates and forecasts

FREYR Battery Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -58.46 percent over the past six months and at a -47.14% annual growth rate that is well below the industry average of 11.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -144.40% in revenue this quarter, and will report a decrease of -16.70% in the next quarter.