FREYR Battery Inc (NYSE:FREY)’s traded shares stood at 1.81 million during the last session, with the company’s beta value hitting 0.97. At the close of trading, the stock’s price was $2.45, to imply an increase of 6.06% or $0.14 in intraday trading. The FREY share’s 52-week high remains $3.36, putting it -37.14% down since that peak but still an impressive 62.86% since price per share fell to its 52-week low of $0.91. The company has a valuation of $344.20M, with an average of 3.07 million shares in intraday trading volume over the past 10 days and average of 4.18 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 1.00. 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 -0.13.
FREYR Battery Inc (NYSE:FREY) trade information
After registering a 6.06% upside 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 -5.77%, and 43.27% over 30 days. With these gigs, the year-to-date price performance is -5.04%. Short interest in FREYR Battery Inc (NYSE:FREY) saw shorts transact 13.31 million shares and set a 3.72 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 -920.41% off suggested target high and -430.61% from its likely low.
Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 73.98M.
FREY Dividends
FREYR Battery Inc has its next earnings report out in February. 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 29.37% of total outstanding shares, with institutional holders owning 29.83% of the shares at 42.24% float percentage. In total, 29.83% 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.
We also have iShares Russell 2000 ETF and Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF as the top two Mutual Funds with the largest holdings of the FREYR Battery Inc (FREY) shares. Going by data provided on Oct 31, 2024 , iShares Russell 2000 ETF holds roughly 2.84 shares. This is just over 2.02% of the total shares, with a market valuation of $6.96 million. Data from the same date shows that the other fund manager holds a little less at 1.44, or 1.03% of the shares, all valued at about 3.54 million.
