FREYR Battery Inc. (FREY) Stock: A Closer Look at the Moving Averages

The stock of FREYR Battery Inc. (FREY) has seen a 12.10% increase in the past week, with a 2.92% gain in the past month, and a -5.88% decrease in the past quarter. The volatility ratio for the week is 6.50%, and the volatility levels for the past 30 days are at 7.76% for FREY. The simple moving average for the last 20 days is 11.29% for FREY stock, with a simple moving average of -56.76% for the last 200 days.

Is It Worth Investing in FREYR Battery Inc. (NYSE: FREY) Right Now?

Additionally, the 36-month beta value for FREY is 0.70. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

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The public float for FREY is 121.96M and currently, short sellers hold a 6.32% ratio of that float. The average trading volume of FREY on April 03, 2024 was 1.65M shares.

FREY) stock’s latest price update

The stock price of FREYR Battery Inc. (NYSE: FREY) has plunged by -1.68 when compared to previous closing price of 1.79, but the company has seen a 12.10% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-31 that When it comes to speculating on the future of mobility and transportation, battery stocks may be your best bet. Sure, targeting individual electric vehicle brands may give you the greatest reward potential.

Analysts’ Opinion of FREY

Many brokerage firms have already submitted their reports for FREY stocks, with Morgan Stanley repeating the rating for FREY by listing it as a “Equal-Weight.” The predicted price for FREY in the upcoming period, according to Morgan Stanley is $2 based on the research report published on November 14, 2023 of the previous year 2023.

TD Cowen gave a rating of “Market Perform” to FREY, setting the target price at $7 in the report published on October 25th of the previous year.

FREY Trading at 12.29% 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 -82.57% of loss for the given period.

Volatility was left at 7.76%, however, over the last 30 days, the volatility rate increased by 6.50%, as shares surge +6.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +33.33% upper at present.

During the last 5 trading sessions, FREY rose by +12.10%, which changed the moving average for the period of 200-days by -76.78% in comparison to the 20-day moving average, which settled at $1.5870. In addition, FREYR Battery Inc. saw -5.88% 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 -0.2. Equity return is now at value -10.65, with -9.22 for asset returns.

Based on FREYR Battery Inc. (FREY), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -26.0. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 6.23.

Currently, EBITDA for the company is -131.9 million with net debt to EBITDA at 1.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.34.

Conclusion

In conclusion, FREYR Battery Inc. (FREY) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.

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