In the last trading session, 2.09 million FREYR Battery Inc. (NYSE:FREY) shares changed hands as the company’s beta touched 0.73. With the company’s per share price at $0.97 changed hands at $0.0 or -0.18% during last session, the market valuation stood at $136.05M. FREY’s last price was a discount, traded about -431.96% off its 52-week high of $5.16. The share price had its 52-week low at $0.91, which suggests the last value was 6.19% up since then. When we look at FREYR Battery Inc.’s average trading volume, we note the 10-day average is 1.76 million shares, with the 3-month average coming to 1.32 million.
Analysts gave the FREYR Battery Inc. (FREY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended FREY as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. FREYR Battery Inc.’s EPS for the current quarter is expected to be -0.18.
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FREYR Battery Inc. (NYSE:FREY) trade information
Instantly FREY was in red as seen at the end of in last trading. With action -4.12%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -48.21%, with the 5-day performance at -4.12% in the red. However, in the 30-day time frame, FREYR Battery Inc. (NYSE:FREY) is -21.27% down. Looking at the short shares, we see there were 13.0 million shares sold at short interest cover period of 13.67 days.
The consensus price target for the stock as assigned by Wall Street analysts is 19, meaning bulls need an upside of 94.89% from its current market value. According to analyst projections, FREY’s forecast low is 13 with 25 as the target high. To hit the forecast high, the stock’s price needs a -2477.32% plunge from its current level, while the stock would need to soar -1240.21% for it to hit the projected low.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 160k. 2 analysts are of the opinion that FREYR Battery Inc.’s revenue for the current quarter will be 450k.
The 2024 estimates are for FREYR Battery Inc. earnings to decrease by -54.90%.
FREY Dividends
FREYR Battery Inc. is expected to release its next quarterly earnings report in November.
B. RILEY WEALTH ADVISORS, INC. holds the second largest percentage of outstanding shares.
