In the past week, FREY stock has gone up by 26.32%, with a monthly decline of -1.82% and a quarterly surge of 117.41%. The volatility ratio for the week is 14.04%, and the volatility levels for the last 30 days are 10.91% for FREYR Battery Inc The simple moving average for the last 20 days is 13.95% for FREY stock, with a simple moving average of 34.38% for the last 200 days.
Is It Worth Investing in FREYR Battery Inc (NYSE: FREY) Right Now?
Moreover, the 36-month beta value for FREY is 1.05. Analysts have varying opinions on the stock, with 1 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 121.80M and currently, short sellers hold a 10.98% of that float. On December 23, 2024, FREY’s average trading volume was 3.36M shares.
FREY) stock’s latest price update
The stock price of FREYR Battery Inc (NYSE: FREY) has surged by 19.34 when compared to previous closing price of 1.81, but the company has seen a 26.32% 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 BTIG Research repeating the rating for FREY by listing it as a “Buy.” The predicted price for FREY in the upcoming period, according to BTIG Research is $4 based on the research report published on December 20, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see FREY reach a price target of $2, previously predicting the price at $13. The rating they have provided for FREY stocks is “Equal-Weight” according to the report published on November 14th, 2023.
FREY Trading at 30.69% 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 -24.21% of loss for the given period.
Volatility was left at 10.91%, however, over the last 30 days, the volatility rate increased by 14.04%, as shares sank -14.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +124.28% upper at present.
During the last 5 trading sessions, FREY rose by +26.32%, which changed the moving average for the period of 200-days by +30.12% in comparison to the 20-day moving average, which settled at $1.90. In addition, FREYR Battery Inc saw 15.51% 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 Slettemoen Tore Ivar, who sale 391,071 shares at the price of $1.88 back on Dec 18 ’24. After this action, Slettemoen Tore Ivar now owns 5,080,446 shares of FREYR Battery Inc, valued at $735,213 using the latest closing price.
Slettemoen Tore Ivar, the Director of FREYR Battery Inc, sale 600,000 shares at $1.63 during a trade that took place back on Dec 13 ’24, which means that Slettemoen Tore Ivar is holding 6,016,105 shares at $978,000 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.
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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
