The stock of FREYR Battery Inc (FREY) has gone down by -12.05% for the week, with a -30.63% drop in the past month and a 57.78% rise in the past quarter. The volatility ratio for the week is 9.30%, and the volatility levels for the past 30 days are 11.32% for FREY. The simple moving average for the last 20 days is -21.63% for FREY’s stock, with a simple moving average of 0.45% for the last 200 days.
Is It Worth Investing in FREYR Battery Inc (NYSE: FREY) Right Now?
FREY has 36-month beta value of 1.05. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for FREY is 121.38M, and currently, short sellers hold a 11.02% ratio of that float. The average trading volume of FREY on December 11, 2024 was 3.15M shares.
FREY) stock’s latest price update
The stock price of FREYR Battery Inc (NYSE: FREY) has dropped by -5.33 compared to previous close of 1.70. Despite this, the company has seen a fall of -12.05% in its stock price over the last five trading days. 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 4.48% 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 -43.53% of loss for the given period.
Volatility was left at 11.32%, however, over the last 30 days, the volatility rate increased by 9.30%, as shares sank -25.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +65.22% upper at present.
During the last 5 trading sessions, FREY fell by -12.57%, which changed the moving average for the period of 200-days by -4.76% in comparison to the 20-day moving average, which settled at $2.0530. In addition, FREYR Battery Inc saw -13.94% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FREY starting from Tore Ivar Slettemoen, who proposed sale 2,500,000 shares at the price of $1.76 back on Dec 10 ’24. After this action, Tore Ivar Slettemoen now owns shares of FREYR Battery Inc, valued at $4,400,000 using the latest closing price.
Calio Joseph Evan, the Chief Financial Officer of FREYR Battery Inc, purchase 130,600 shares at $1.91 during a trade that took place back on Nov 08 ’24, which means that Calio Joseph Evan is holding 130,600 shares at $249,446 based on the most recent 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 put it simply, FREYR Battery Inc (FREY) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
