FREYR Battery Inc (NYSE:FREY)’s 12-Month Price Target Currently Stands At 25

In recent trading session, FREYR Battery Inc (NYSE:FREY) saw 2.87 million shares changing hands at last check today with its beta currently measuring 1.05. Company’s recent per share price level of $2.19 trading at $0.38 or 20.95% at last check today assigns it a market valuation of $307.56M. That most recent trading price of FREY’s stock is at a discount of -30.14% from its 52-week high price of $2.85 and is indicating a premium of 58.45% 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 2.43 million shares which gives us an average trading volume of 3.36 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 1.00. 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 green today for gaining 20.95%, in the last five days FREY remained trading in the green while hitting it’s week-highest on Friday, 12/20/24 when the stock touched $2.19 price level, adding 2.67% to its value on the day. FREYR Battery Inc’s shares saw a change of 17.07% in year-to-date performance and have moved 28.02% in past 5-day. FREYR Battery Inc (NYSE:FREY) showed a performance of -0.49% in past 30-days. Number of shares sold short was 13.37 million shares which calculate 2.24 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 88.47% to its recent value today. 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 -493.61% in reaching the projected high whereas dropping to the targeted low would mean a loss of -493.61% for stock’s current value.

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

Insiders are in possession of 15.86% of company’s total shares while institution are holding 41.57 percent of that, with stock having share float percentage of 49.41%. Investors also watch the number of corporate investors in a company very closely, which is 41.57% 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.