In last trading session, FREYR Battery Inc (NYSE:FREY) saw 1.83 million shares changing hands with its beta currently measuring 1.04. Company’s recent per share price level of $2.14 trading at -$0.01 or -0.47% at ring of the bell on the day assigns it a market valuation of $299.25M. That closing price of FREY’s stock is at a discount of -33.18% from its 52-week high price of $2.85 and is indicating a premium of 57.48% 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 3.91 million shares which gives us an average trading volume of 2.99 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 -0.15 in the current quarter.
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FREYR Battery Inc (NYSE:FREY) trade information
Upright in the red during last session for losing -0.47%, in the last five days FREY remained trading in the red while hitting it’s week-highest on Thursday, 11/21/24 when the stock touched $2.14 price level, adding 19.55% to its value on the day. FREYR Battery Inc’s shares saw a change of 14.44% in year-to-date performance and have moved -2.73% in past 5-day. FREYR Battery Inc (NYSE:FREY) showed a performance of 109.80% in past 30-days. Number of shares sold short was 12.01 million shares which calculate 2.26 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 88.74% 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 -507.48% in reaching the projected high whereas dropping to the targeted low would mean a loss of -507.48% for stock’s current value.
FREYR Battery Inc (NYSE:FREY)’s Major holders
Insiders are in possession of 16.02% of company’s total shares while institution are holding 41.29 percent of that, with stock having share float percentage of 49.16%. Investors also watch the number of corporate investors in a company very closely, which is 41.29% institutions for FREYR Battery Inc that are currently holding shares of the company. 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.
On the other hand, iShares Russell 2000 ETF and Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF are the top two Mutual Funds which own company’s shares. As of Aug 31, 2024 , the former fund manager was holding 2.95 shares of worth $6.32 million or 2.10% of the total outstanding shares. The later fund manager was in possession of 1.4 shares on Sep 30, 2024 , making its stake of worth around $2.99 million in the company or a holder of 0.99% of company’s stock.
