In the last trading session, 3.1 million shares of the FREYR Battery Inc (NYSE:FREY) were traded, and its beta was 0.98. Most recently the company’s share price was $2.10, and it changed around -$0.2 or -8.70% from the last close, which brings the market valuation of the company to $269.38M. FREY currently trades at a discount to its 52-week high of $2.85, offering almost -35.71% off that amount. The share price’s 52-week low was $0.91, which indicates that the current value has risen by an impressive 56.67% since then. We note from FREYR Battery Inc’s average daily trading volume that its 10-day average is 10.33 million shares, with the 3-month average coming to 2.64 million.
FREYR Battery Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended FREY as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. FREYR Battery Inc is expected to report earnings per share of -0.15 for the current quarter.
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FREYR Battery Inc (NYSE:FREY) trade information
Instantly FREY has showed a red trend with a performance of -8.70% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.43 on recent trading dayincreased the stock’s daily price by 13.58%. The company’s shares are currently up 12.30% year-to-date, but still up 2.44% over the last five days. On the other hand, FREYR Battery Inc (NYSE:FREY) is 105.88% up in the 30-day period. We can see from the shorts that 11.77 million shares have been sold at a short interest cover period of 7.69 day(s).
The consensus price target as assigned by Wall Street analysts is $19, which translates to bulls needing to increase their stock price by 88.95% from its current value. Analyst projections state that FREY is forecast to be at a low of $13 and a high of $25.
FREYR Battery Inc (FREY) estimates and forecasts
Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 22.28% in revenue this quarter, and will report an increase of 25.89% in the next quarter.
Forecasts for the next quarter put sales growth at �.
FREY Dividends
FREYR Battery Inc’s next quarterly earnings report is expected to be released in December.
FREYR Battery Inc (NYSE:FREY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 16.02% of FREYR Battery Inc shares, and 41.23% of them are in the hands of institutional investors. The stock currently has a share float of 49.10%. FREYR Battery Inc stock is held by 172.0 institutions, with OGOREK ANTHONY JOSEPH /NY/ /ADV being the largest institutional investor. By 2024-06-30, it held 0.0036% of the shares, which is about 5084.0 shares worth $8000.0.
