In the latest trading session, 0.59 million FREYR Battery Inc (NYSE:FREY) shares changed hands as the company’s beta touched 1.03. With the company’s most recent per share price at $2.09 changing hands around $0.02 or 0.72% at last look, the market valuation stands at $283.35M. FREY’s current price is a discount, trading about -36.36% off its 52-week high of $2.85. The share price had its 52-week low at $0.91, which suggests the last value was 56.46% up since then. When we look at FREYR Battery Inc’s average trading volume, we note the 10-day average is 3.27 million shares, with the 3-month average coming to 3.06 million.
Analysts gave the FREYR Battery Inc (FREY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended FREY as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. FREYR Battery Inc’s EPS for the current quarter is expected to be -0.15.
FREYR Battery Inc (NYSE:FREY) trade information
Instantly FREY is in green as seen in intraday trades today. With action -14.90%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 11.50%, with the 5-day performance at -14.90% in the red. However, in the 30-day time frame, FREYR Battery Inc (NYSE:FREY) is 114.95% up. Looking at the short shares, we see there were 12.01 million shares sold at short interest cover period of 2.26 days.
The consensus price target for the stock as assigned by Wall Street analysts is 19, meaning bulls need an upside of 89.0% from its recent market value. According to analyst projections, FREY’s forecast low is 13 with 25 as the target high. To hit the forecast high, the stock’s price needs a -1096.17% plunge from its current level, while the stock would need to soar -522.01% for it to hit the projected low.
FREYR Battery Inc (FREY) estimates and forecasts
According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.00%. The estimates for the next quarter sales put growth at 0.00%.
FREYR Battery Inc (NYSE:FREY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 16.02% of FREYR Battery Inc shares while 41.29% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 49.16%. There are 41.29% institutions holding the FREYR Battery Inc stock share, with OGOREK ANTHONY JOSEPH /NY/ /ADV the top institutional holder. As of 2024-06-30, the company held 0.0036% of the shares, roughly 5084.0 FREY shares worth $8000.0.
B. RILEY WEALTH ADVISORS, INC. holds the second largest percentage of outstanding shares.
