FREYR Battery (NYSE: FREY)’s stock price has gone rise by 1.00 in comparison to its previous close of 5.52, however, the company has experienced a -9.20% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2023-09-14 that The heavy selling pressure might have exhausted for FREYR Battery (FREY) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Is It Worth Investing in FREYR Battery (NYSE: FREY) Right Now?
Moreover, the 36-month beta value for FREY is 0.82. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for FREYR Battery (FREY) is $14.00, which is $7.6 above the current market price. The public float for FREY is 116.28M and currently, short sellers hold a 12.32% of that float. On September 19, 2023, FREY’s average trading volume was 2.20M shares.
FREY’s Market Performance
FREY stock saw a decrease of -9.20% in the past week, with a monthly decline of -14.89% and a quarterly a decrease of -25.37%. The volatility ratio for the week is 4.65%, and the volatility levels for the last 30 days are 4.40% for FREYR Battery (FREY). The simple moving average for the last 20 days is -10.39% for FREY’s stock, with a simple moving average of -32.10% 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 “Neutral.” The predicted price for FREY in the upcoming period, according to Goldman is $10 based on the research report published on July 18, 2023 of the current year 2023.
FREY Trading at -24.75% 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 -67.09% of loss for the given period.
Volatility was left at 4.40%, however, over the last 30 days, the volatility rate increased by 4.65%, as shares sank -17.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -42.09% lower at present.
During the last 5 trading sessions, FREY fell by -9.36%, which changed the moving average for the period of 200-days by -59.23% in comparison to the 20-day moving average, which settled at $6.16. In addition, FREYR Battery saw -35.77% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for FREY
The total capital return value is set at -18.90, while invested capital returns managed to touch -15.51. Equity return is now at value -17.50, with -14.40 for asset returns.
Based on FREYR Battery (FREY), the company’s capital structure generated 2.01 points at debt to equity in total, while total debt to capital is 1.97. Total debt to assets is 1.74, with long-term debt to equity ratio resting at 1.55. Finally, the long-term debt to capital ratio is 1.52.
The liquidity ratio also appears to be rather interesting for investors as it stands at 9.26.
Conclusion
To wrap up, the performance of FREYR Battery (FREY) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
