The stock of FREYR Battery Inc. (FREY) has gone up by 5.88% for the week, with a 13.21% rise in the past month and a 9.09% rise in the past quarter. The volatility ratio for the week is 7.17%, and the volatility levels for the past 30 days are 7.19% for FREY. The simple moving average for the past 20 days is 4.50% for FREY’s stock, with a -6.89% simple moving average for the past 200 days.
Is It Worth Investing in FREYR Battery Inc. (NYSE: FREY) Right Now?
The 36-month beta value for FREY is also noteworthy at 0.75. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for FREY is 120.72M, and at present, short sellers hold a 10.64% of that float. The average trading volume of FREY on August 01, 2024 was 1.93M shares.
FREY) stock’s latest price update
FREYR Battery Inc. (NYSE: FREY) has experienced a rise in its stock price by 4.65 compared to its previous closing price of 1.72. However, the company has seen a gain of 5.88% in its stock price over the last five trading days. businesswire.com reported 2024-07-30 that NEW YORK & OSLO, Norway & NEWNAN, Ga.–(BUSINESS WIRE)–FREYR Battery (NYSE: FREY) (“FREYR”), a developer of next-generation battery cell production capacity, will publish a press release detailing second quarter 2024 results and conduct a conference call on August 9, 2024. The second quarter 2024 press release will be issued by 6:00 am U.S. Daylight Time (12:00 pm Central European Time). The conference call is scheduled to begin at 8:30 am Eastern Daylight Time (2:30 pm Central European Time).
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 -5.11% 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 -78.90% of loss for the given period.
Volatility was left at 7.19%, however, over the last 30 days, the volatility rate increased by 7.17%, as shares surge +13.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.45% lower at present.
During the last 5 trading sessions, FREY rose by +5.88%, which changed the moving average for the period of 200-days by -55.88% in comparison to the 20-day moving average, which settled at $1.7335. In addition, FREYR Battery Inc. saw -3.74% 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 -0.22. Equity return is now at value -13.99, with -11.89 for asset returns.
Based on FREYR Battery Inc. (FREY), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at -4.48.
Currently, EBITDA for the company is -131.9 million with net debt to EBITDA at 1.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.70.
Conclusion
In summary, FREYR Battery Inc. (FREY) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
