FREYR Battery Inc (NYSE:FREY) Stock Has Fallen -6.42% YTD, What Do Analysts Anticipate Next?

In last trading session, FREYR Battery Inc (NYSE:FREY) saw 44.66 million shares changing hands with its beta currently measuring 0.72. Company’s recent per share price level of $1.75 trading at $0.7 or 66.67% at ring of the bell on the day assigns it a market valuation of $245.85M. That closing price of FREY’s stock is at a discount of -111.43% from its 52-week high price of $3.70 and is indicating a premium of 48.0% from its 52-week low price of $0.91. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.27 million shares which gives us an average trading volume of 1.34 million if we extend that period to 3-months.

For FREYR Battery Inc (FREY), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.18 in the current quarter.

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FREYR Battery Inc (NYSE:FREY) trade information

Upright in the green during last session for gaining 66.67%, in the last five days FREY remained trading in the green while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $1.75 price level, adding 2.78% to its value on the day. FREYR Battery Inc’s shares saw a change of -6.42% in year-to-date performance and have moved 75.00% in past 5-day. FREYR Battery Inc (NYSE:FREY) showed a performance of 81.33% in past 30-days. Number of shares sold short was 10.47 million shares which calculate 8.09 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 19 to the stock, which implies a rise of 90.79% to its current value. Analysts have been projecting 13 as a low price target for the stock while placing it at a high target of 25. It follows that stock’s current price would drop -642.86% in reaching the projected high whereas dropping to the targeted low would mean a loss of -642.86% for stock’s current value.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 160k for the same. And 2 analysts are in estimates of company making revenue of 450k in the next quarter.

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

OGOREK ANTHONY JOSEPH /NY/ /ADV is the top institutional holder at FREY for having 5084.0 shares of worth $8000.0. And as of 2024-06-30, it was holding 0.0036 of the company’s outstanding shares.