In the past week, FREY stock has gone up by 109.12%, with a monthly gain of 112.85% and a quarterly surge of 79.82%. The volatility ratio for the week is 24.24%, and the volatility levels for the last 30 days are 10.64% for FREYR Battery Inc The simple moving average for the past 20 days is 73.87% for FREY’s stock, with a 32.28% simple moving average for the past 200 days.
Is It Worth Investing in FREYR Battery Inc (NYSE: FREY) Right Now?
Moreover, the 36-month beta value for FREY is 1.03. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for FREY is 121.50M and currently, short sellers hold a 8.62% of that float. On November 11, 2024, FREY’s average trading volume was 2.34M shares.
FREY) stock’s latest price update
FREYR Battery Inc (NYSE: FREY)’s stock price has plunge by -12.77relation to previous closing price of 2.35. Nevertheless, the company has seen a 109.12% surge in its stock price over the last five trading sessions. businesswire.com reported 2024-11-06 that NEW YORK & OSLO, Norway & NEWNAN, Ga.–(BUSINESS WIRE)–FREYR Battery, Inc. (NYSE: FREY) (“FREYR” or the “Company”), a developer of sustainable clean energy capacity and solutions, today reported financial results for the third quarter of 2024. Results Overview, Financing, and Liquidity FREYR reported a net loss attributable to stockholders for the third quarter of 2024 of $(27.5) million, or $(0.20) per diluted share compared to a net loss for the third quarter of 2023 of $(9.8) million or $(0.
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 87.41% 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 -41.60% of loss for the given period.
Volatility was left at 10.64%, however, over the last 30 days, the volatility rate increased by 24.24%, as shares surge +100.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +61.42% upper at present.
During the last 5 trading sessions, FREY rose by +109.12%, which changed the moving average for the period of 200-days by +52.99% in comparison to the 20-day moving average, which settled at $1.18. In addition, FREYR Battery Inc saw 9.63% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for FREY
The total capital return value is set at -0.22. Equity return is now at value -18.30, with -15.83 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 -6.35.
Currently, EBITDA for the company is -133.25 million with net debt to EBITDA at 1.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.36.
Conclusion
To wrap up, the performance of FREYR Battery Inc (FREY) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.