Stock Of FREYR Battery Inc (NYSE: FREY) Jumped By 77.67 Percent Over The Past Month, Is There Room For Upside?

FREYR Battery Inc (NYSE:FREY)’s traded shares stood at 1.77 million during the last session, with the company’s beta value hitting 1.04. At the close of trading, the stock’s price was $1.83, to imply a decrease of -6.63% or -$0.13 in intraday trading. The FREY share’s 52-week high remains $2.85, putting it -55.74% down since that peak but still an impressive 50.27% since price per share fell to its 52-week low of $0.91. The company has a valuation of $257.10M, with an average of 3.3 million shares in intraday trading volume over the past 10 days and average of 3.11 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for FREYR Battery Inc (FREY), translating to a mean rating of 3.00. Of 3 analyst(s) looking at the stock, 0 analyst(s) give FREY a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.15.

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FREYR Battery Inc (NYSE:FREY) trade information

After registering a -6.63% downside in the last session, FREYR Battery Inc (FREY) has traded red over the past five days. The 5-day price performance for the stock is -14.88%, and 77.67% over 30 days. With these gigs, the year-to-date price performance is -2.14%. Short interest in FREYR Battery Inc (NYSE:FREY) saw shorts transact 12.01 million shares and set a 2.26 days time to cover.

The extremes give us $13 and $25 for target low and target high price respectively. As such, FREY has been trading -1266.12% off suggested target high and -610.38% from its likely low.

FREY Dividends

FREYR Battery Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

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

FREYR Battery Inc insiders hold 16.02% of total outstanding shares, with institutional holders owning 41.62% of the shares at 49.55% float percentage. In total, 41.62% institutions holds shares in the company, led by OGOREK ANTHONY JOSEPH /NY/ /ADV. As of 2024-06-30, the company held over 5084.0 shares (or 0.0036% of shares), all amounting to roughly $8000.0.