The stock has a 36-month beta value of 0.75. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for FREY is 121.50M, and at present, short sellers hold a 10.59% of that float. On September 12, 2024, the average trading volume of FREY was 1.58M shares.
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FREY) stock’s latest price update
The stock price of FREYR Battery Inc. (NYSE: FREY) has plunged by -3.30 when compared to previous closing price of 1.06, but the company has seen a -6.82% decline in its stock price over the last five trading sessions. marketbeat.com reported 2024-08-19 that In 2021, the term SPAC became part of the investor’s dictionary. SPAC stands for special purpose acquisition company, and it was a way many companies went public in 2020 and 2021.
FREY’s Market Performance
FREYR Battery Inc. (FREY) has experienced a -6.82% fall in stock performance for the past week, with a -20.54% drop in the past month, and a -45.48% drop in the past quarter. The volatility ratio for the week is 7.44%, and the volatility levels for the past 30 days are at 7.10% for FREY. The simple moving average for the last 20 days is -14.01% for FREY stock, with a simple moving average of -39.16% for the last 200 days.
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 -29.12% 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 -83.41% of loss for the given period.
Volatility was left at 7.10%, however, over the last 30 days, the volatility rate increased by 7.44%, as shares sank -15.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -34.81% lower at present.
During the last 5 trading sessions, FREY fell by -6.36%, which changed the moving average for the period of 200-days by -36.81% in comparison to the 20-day moving average, which settled at $1.1825. In addition, FREYR Battery Inc. saw -45.19% 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 -15.01, with -12.71 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 -29.31.
Currently, EBITDA for the company is -131.9 million with net debt to EBITDA at 1.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.63.
Conclusion
To sum up, FREYR Battery Inc. (FREY) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
