The 36-month beta value for FREY is at 0.97. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for FREY is 123.33M, and currently, shorts hold a 10.42% of that float. The average trading volume for FREY on December 30, 2024 was 3.78M shares.
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FREY) stock’s latest price update
FREYR Battery Inc (NYSE: FREY) has seen a decline in its stock price by -6.44 in relation to its previous close of 3.03. However, the company has experienced a 31.25% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-12-24 that NEW YORK & NEWNAN, Ga.–(BUSINESS WIRE)–FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”) today announced the closing of the Company’s acquisition of the U.S. solar manufacturing assets of Trina Solar Co Ltd. (SHA: 688599) (“Trina Solar”) in accordance with the previously communicated timeline. Under the terms of the finalized agreement, FREYR has acquired Trina Solar’s 5 GW solar module manufacturing facility in Wilmer, Texas. The facility commenced production on November 1, 2024, and is.
FREY’s Market Performance
FREYR Battery Inc (FREY) has experienced a 31.25% rise in stock performance for the past week, with a 32.48% rise in the past month, and a 192.24% rise in the past quarter. The volatility ratio for the week is 19.64%, and the volatility levels for the past 30 days are at 12.41% for FREY. The simple moving average for the past 20 days is 37.27% for FREY’s stock, with a 72.86% simple moving average for the past 200 days.
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 54.18% 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 -15.62% of loss for the given period.
Volatility was left at 12.41%, however, over the last 30 days, the volatility rate increased by 19.64%, as shares surge +36.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +177.45% upper at present.
During the last 5 trading sessions, FREY rose by +31.02%, which changed the moving average for the period of 200-days by +92.52% in comparison to the 20-day moving average, which settled at $2.07. In addition, FREYR Battery Inc saw 51.60% 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 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
In conclusion, FREYR Battery Inc (FREY) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
