The stock of FREYR Battery Inc (FREY) has gone up by 8.88% for the week, with a 115.74% rise in the past month and a 80.62% rise in the past quarter. The volatility ratio for the week is 12.62%, and the volatility levels for the past 30 days are 13.22% for FREY. The simple moving average for the last 20 days is 46.82% for FREY stock, with a simple moving average of 47.48% for the last 200 days.
Is It Worth Investing in FREYR Battery Inc (NYSE: FREY) Right Now?
The stock has a 36-month beta value of 0.88. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for FREY is 121.38M, and at present, short sellers hold a 9.70% of that float. On November 19, 2024, the average trading volume of FREY was 2.69M shares.
FREY) stock’s latest price update
FREYR Battery Inc (NYSE: FREY) has seen a rise in its stock price by 7.87 in relation to its previous close of 2.16. However, the company has experienced a 8.88% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-16 that The ‘Undercovered’ Dozen series highlights 12 lesser-covered stocks from the past week, aiming to spark ideas and discussions among retail investors. Veradigm Inc. is undervalued due to regulatory pressures, but has significant upside potential with strategic buyers potentially paying mid- or high-teens per share. Casey’s General Stores has outperformed its peers and the S&P 500 due to its strategic positioning in rural areas and strong operational execution.
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 86.54% 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 -18.25% of loss for the given period.
Volatility was left at 13.22%, however, over the last 30 days, the volatility rate increased by 12.62%, as shares surge +126.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +129.13% upper at present.
During the last 5 trading sessions, FREY rose by +10.28%, which changed the moving average for the period of 200-days by +87.30% in comparison to the 20-day moving average, which settled at $1.59. In addition, FREYR Battery Inc saw 24.60% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FREY starting from Calio Joseph Evan, who purchase 130,600 shares at the price of $1.91 back on Nov 08 ’24. After this action, Calio Joseph Evan now owns 130,600 shares of FREYR Battery Inc, valued at $249,446 using the latest closing price.
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 1.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.36.
Conclusion
To sum up, FREYR Battery Inc (FREY) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
