FREYR Battery (NYSE:FREY) went up by 12.33% from its latest closing price compared to the recent 1-year high of $14.92. The company’s stock price has collected 1.23% of gains in the last five trading sessions. MarketWatch.com reported on 11/15/21 that 5 takeaways from the COP26 climate summit investors need to know
Is It Worth Investing in FREYR Battery (NYSE :FREY) Right Now?
FREY currently public float of 90.61M and currently shorts hold a 7.19% ratio of that float. Today, the average trading volume of FREY was 1.52M shares.
FREY’s Market Performance
FREY stocks went up by 1.23% for the week, with a monthly jump of 28.32% and a quarterly performance of 82.75%, while its annual performance rate touched 39.94%. The volatility ratio for the week stands at 6.34% while the volatility levels for the past 30 days are set at 7.47% for FREYR Battery. The simple moving average for the period of the last 20 days is 15.15% for FREY stocks with a simple moving average of 50.75% for the last 200 days.
Analysts’ Opinion of FREY
Many brokerage firms have already submitted their reports for FREY stocks, with Goldman repeating the rating for FREY by listing it as a “Buy.” The predicted price for FREY in the upcoming period, according to Goldman is $19 based on the research report published on August 25th of the current year 2022.
Goldman, on the other hand, stated in their research note that they expect to see FREY reach a price target of $8. The rating they have provided for FREY stocks is “Neutral” according to the report published on June 21st, 2022.
Piper Sandler gave a rating of “Neutral” to FREY, setting the target price at $11 in the report published on December 17th of the previous year.
FREY Trading at 33.25% from the 50-Day Moving Average
After a stumble in the market that brought FREY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.06% of loss for the given period.
Volatility was left at 7.47%, however, over the last 30 days, the volatility rate increased by 6.34%, as shares surge +39.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +82.67% upper at present.
During the last 5 trading sessions, FREY rose by +4.86%, which changed the moving average for the period of 200-days by +47.46% in comparison to the 20-day moving average, which settled at $13.02. In addition, FREYR Battery saw 17.53% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for FREY
Equity return is now at value -19.30, with -16.70 for asset returns.