FREYR Battery Inc (NYSE:FREY) has a beta value of 1.04 and has seen 3.44 million shares traded in the last trading session. The company, currently valued at $247.26M, closed the last trade at $1.76 per share which meant it gained $0.19 on the day or 12.10% during that session. The FREY stock price is -61.93% off its 52-week high price of $2.85 and 48.3% above the 52-week low of $0.91. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.01 million shares traded. The 3-month trading volume is 3.21 million shares.
The consensus among analysts is that FREYR Battery Inc (FREY) is Buy stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 3 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.15.
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FREYR Battery Inc (NYSE:FREY) trade information
Sporting 12.10% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the FREY stock price touched $1.76 or saw a rise of 2.76%. Year-to-date, FREYR Battery Inc shares have moved -5.88%, while the 5-day performance has seen it change 3.53%. Over the past 30 days, the shares of FREYR Battery Inc (NYSE:FREY) have changed -16.19%. Short interest in the company has seen 13.37 million shares shorted with days to cover at 2.24.
Wall Street analysts have a consensus price target for the stock at $19, which means that the shares’ value could jump 90.74% from current levels. The projected low price target is $13.0 while the price target rests at a high of $25.0. In that case, then, we find that the current price level is -1320.45% off the targeted high while a plunge would see the stock gain -638.64% from current levels.
FREYR Battery Inc (FREY) estimates and forecasts
The company’s shares have gained 2.92% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 0.00%.
FREY Dividends
FREYR Battery Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
FREYR Battery Inc (NYSE:FREY)’s Major holders
Insiders own 15.47% of the company shares, while shares held by institutions stand at 41.57% with a share float percentage of 49.18%. Investors are also buoyed by the number of investors in a company, with FREYR Battery Inc having a total of 172.0 institutions that hold shares in the company. The top two institutional holders are OGOREK ANTHONY JOSEPH /NY/ /ADV with over 5084.0 shares worth more than $8000.0. As of 2024-06-30, OGOREK ANTHONY JOSEPH /NY/ /ADV held 0.0036% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Russell 2000 ETF and Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF . As of Sep 30, 2024 , the former fund manager holds about 2.04% shares in the company for having 2.87 shares of worth $5.05 million while later fund manager owns 1.4 shares of worth $2.46 million as of Sep 30, 2024 , which makes it owner of about 0.99% of company’s outstanding stock.
