During the recent session, FREYR Battery Inc. (NYSE:FREY)’s traded shares were 0.66 million, with the beta value of the company hitting 0.72. At the last check today, the stock’s price was $0.97, reflecting an intraday loss of -2.79% or -$0.03. The 52-week high for the FREY share is $3.73, that puts it down -284.54 from that peak though still a striking 6.19% gain since the share price plummeted to a 52-week low of $0.91. The company’s market capitalization is $136.57M, and the average intraday trading volume over the past 10 days was 2.01 million shares, and the average trade volume was 1.36 million shares over the past three months.
FREYR Battery Inc. (FREY) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.00. FREY has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.18.
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FREYR Battery Inc. (NYSE:FREY) trade information
FREYR Battery Inc. (FREY) registered a -2.79% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.79% in intraday trading to $0.97, hitting a weekly high. The stock’s 5-day price performance is -3.75%, and it has moved by -4.70% in 30 days. Based on these gigs, the overall price performance for the year is -69.72%. The short interest in FREYR Battery Inc. (NYSE:FREY) is 10.47 million shares and it means that shorts have 8.09 day(s) to cover.
The consensus price target of analysts on Wall Street is $19, which implies an increase of 94.89% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13 and $25 respectively. As a result, FREY is trading at a discount of -2477.32% off the target high and -1240.21% off the low.
FREYR Battery Inc. (FREY) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -157.10% this quarter and then drop -5.90% in the quarter after that.
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 160k as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 450k by the end of current fiscal year.
While earnings are projected to return -45.10% in 2024.
FREY Dividends
FREYR Battery Inc. is due to release its next quarterly earnings on 2024-Nov-09. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
