In the last trading session, 1.06 million FREYR Battery Inc (NYSE:FREY) shares changed hands as the company’s beta touched 1.00. With the company’s per share price at $1.87 changed hands at $0.0 or 0.00% during last session, the market valuation stood at $262.72M. FREY’s last price was a discount, traded about -79.68% off its 52-week high of $3.36. The share price had its 52-week low at $0.91, which suggests the last value was 51.34% up since then. When we look at FREYR Battery Inc’s average trading volume, we note the 10-day average is 1.78 million shares, with the 3-month average coming to 4.23 million.
Analysts gave the FREYR Battery Inc (FREY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended FREY as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. FREYR Battery Inc’s EPS for the current quarter is expected to be -0.13.
FREYR Battery Inc (NYSE:FREY) trade information
However, in the 30-day time frame, FREYR Battery Inc (NYSE:FREY) is -31.50% down. Looking at the short shares, we see there were 11.86 million shares sold at short interest cover period of 2.87 days.
The consensus price target for the stock as assigned by Wall Street analysts is 19, meaning bulls need an upside of 90.16% from its current market value. According to analyst projections, FREY’s forecast low is 13 with 25 as the target high. To hit the forecast high, the stock’s price needs a -1236.9% plunge from its current level, while the stock would need to soar -595.19% for it to hit the projected low.
FREYR Battery Inc (FREY) estimates and forecasts
1 analysts are of the opinion that FREYR Battery Inc’s revenue for the current quarter will be 73.98M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.00%. The estimates for the next quarter sales put growth at 0.00%.
FREYR Battery Inc (NYSE:FREY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 29.37% of FREYR Battery Inc shares while 29.95% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 42.40%. There are 29.95% institutions holding the FREYR Battery Inc stock share, with OGOREK ANTHONY JOSEPH /NY/ /ADV the top institutional holder. As of 2024-06-30, the company held 0.0036% of the shares, roughly 5084.0 FREY shares worth $8000.0. B. RILEY WEALTH ADVISORS, INC. holds the second largest percentage of outstanding shares.
Among Mutual Funds, the top two as of Nov 30, 2024 were iShares Russell 2000 ETF and Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF. With 3.08 shares estimated at $5.76 million under it, the former controlled 2.19% of total outstanding shares. On the other hand, Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF held about 0.99% of the shares, roughly 1.4 shares worth around $2.61 million.
