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,” 1 as “hold,” and 0 as “sell.”
The public float for FREY is 121.38M and currently, short sellers hold a 9.90% of that float. On December 03, 2024, FREY’s average trading volume was 3.08M shares.
FREY) stock’s latest price update
The stock of FREYR Battery Inc (NYSE: FREY) has decreased by -7.39 when compared to last closing price of 2.04. Despite this, the company has experienced a -15.28% fall 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.
FREY’s Market Performance
FREYR Battery Inc (FREY) has experienced a -15.28% fall in stock performance for the past week, with a 92.73% rise in the past month, and a 64.29% rise in the past quarter. The volatility ratio for the week is 8.73%, and the volatility levels for the past 30 days are at 14.61% for FREY. The simple moving average for the last 20 days is -10.67% for FREY stock, with a simple moving average of 18.08% 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 29.96% 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 -33.71% of loss for the given period.
Volatility was left at 14.61%, however, over the last 30 days, the volatility rate increased by 8.73%, as shares surge +83.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +89.98% upper at present.
During the last 5 trading sessions, FREY fell by -15.36%, which changed the moving average for the period of 200-days by +3.71% in comparison to the 20-day moving average, which settled at $2.11. In addition, FREYR Battery Inc saw 1.03% 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 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’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.
