After Jumping 19.57% During The Past Week, Should You Still Buy FREYR Battery Inc. (NYSE: FREY)?

FREYR Battery Inc. (NYSE:FREY)’s traded shares stood at 5.64 million during the latest session, with the company’s beta value hitting 0.72. At the last check today, the stock’s price was $1.22, to imply an increase of 20.75% or $0.21 in intraday trading. The FREY share’s 52-week high remains $3.73, putting it -205.74% down since that peak but still an impressive 25.41% since price per share fell to its 52-week low of $0.91. The company has a valuation of $171.34M, with an average of 0.72 million shares in intraday trading volume over the past 10 days and average of 1.19 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for FREYR Battery Inc. (FREY), translating to a mean rating of 3.00. Of 3 analyst(s) looking at the stock, 0 analyst(s) give FREY a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.18.

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FREYR Battery Inc. (NYSE:FREY) trade information

After registering a 20.75% upside in the latest session, FREYR Battery Inc. (FREY) has traded red over the past five days. The 5-day price performance for the stock is 19.57%, and 20.75% over 30 days. With these gigs, the year-to-date price performance is -34.78%. Short interest in FREYR Battery Inc. (NYSE:FREY) saw shorts transact 11.79 million shares and set a 8.69 days time to cover.

The extremes give us $13 and $25 for target low and target high price respectively. As such, FREY has been trading -1949.18% off suggested target high and -965.57% from its likely low.

FREYR Battery Inc. (FREY) estimates and forecasts

Revenue is forecast to shrink -157.10% this quarter before falling -5.90% for the next one.

Revenue forecast for the current quarter as set by 2 analysts is 160k. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 450k.

FREY Dividends

FREYR Battery Inc. has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

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

We also have iShares Russell 2000 ETF and Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF as the top two Mutual Funds with the largest holdings of the FREYR Battery Inc. (FREY) shares. Going by data provided on Sep 30, 2024, iShares Russell 2000 ETF holds roughly 2.87 shares. This is just over 2.04% of the total shares, with a market valuation of $3.3 million. Data from the same date shows that the other fund manager holds a little less at 1.4, or 0.99% of the shares, all valued at about 1.6 million.