FREYR Battery Inc. (NYSE: FREY): Can A Stock That’s Down -17.11% YTD Still Be Considered In Loss Territory?

During the last session, FREYR Battery Inc. (NYSE:FREY)’s traded shares were 1.09 million, with the beta value of the company hitting 0.72. At the end of the trading day, the stock’s price was $1.55, reflecting an intraday loss of -3.13% or -$0.05. The 52-week high for the FREY share is $10.10, that puts it down -551.61 from that peak though still a striking 21.94% gain since the share price plummeted to a 52-week low of $1.21. The company’s market capitalization is $216.55M, and the average trade volume was 1.58 million shares over the past three months.

FREYR Battery Inc. (NYSE:FREY) trade information

FREYR Battery Inc. (FREY) registered a -3.13% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.13% in intraday trading to $1.55, hitting a weekly high. The stock’s 5-day price performance is -8.28%, and it has moved by -1.27% in 30 days. Based on these gigs, the overall price performance for the year is -79.03%.

FREYR Battery Inc. (FREY) estimates and forecasts

Statistics show that FREYR Battery Inc. has underperformed its competitors in share price, compared to the industry in which it operates. FREYR Battery Inc. (FREY) shares have gone down -55.59% during the last six months, with a year-to-date growth rate less than the industry average at -47.14% against 8.30.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 100k as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 200k by the end of current fiscal year.

While earnings are projected to return -60.78% in 2024.

FREY Dividends

FREYR Battery Inc. is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

FREYR Battery Inc. (NYSE:FREY)’s Major holders