Analysts Say That FREYR Battery Inc (NYSE:FREY) Is Likely To Make It To 25 In 12 Months

In last trading session, FREYR Battery Inc (NYSE:FREY) saw 2.3 million shares changing hands with its beta currently measuring 0.97. Company’s recent per share price level of $2.60 trading at -$0.16 or -5.80% at ring of the bell on the day assigns it a market valuation of $365.28M. That closing price of FREY’s stock is at a discount of -29.23% from its 52-week high price of $3.36 and is indicating a premium of 65.0% 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 4.4 million shares which gives us an average trading volume of 4.01 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.

FREYR Battery Inc (NYSE:FREY) trade information

Upright in the red during last session for losing -5.80%, in the last five days FREY remained trading in the green while hitting it’s week-highest on Tuesday, 01/07/25 when the stock touched $2.60 price level, adding 15.03% to its value on the day. FREYR Battery Inc’s shares saw a change of 0.78% in year-to-date performance and have moved 0.78% in past 5-day. FREYR Battery Inc (NYSE:FREY) showed a performance of 52.94% in past 30-days. Number of shares sold short was 12.85 million shares which calculate 4.45 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 86.32% 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 -400.0% in reaching the projected high whereas dropping to the targeted low would mean a loss of -400.0% for stock’s current value.

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

Insiders are in possession of 19.15% of company’s total shares while institution are holding 29.90 percent of that, with stock having share float percentage of 36.99%. Investors also watch the number of corporate investors in a company very closely, which is 29.90% 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.