The stock of FREYR Battery Inc (FREY) has seen a -20.04% decrease in the past week, with a 35.84% gain in the past month, and a 121.08% flourish in the past quarter. The volatility ratio for the week is 11.11%, and the volatility levels for the past 30 days are at 13.21% for FREY. The simple moving average for the last 20 days is -6.63% for FREY’s stock, with a simple moving average of 33.68% for the last 200 days.
Is It Worth Investing in FREYR Battery Inc (NYSE: FREY) Right Now?
Company’s 36-month beta value is 0.98.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for FREY is 106.98M, and currently, short sellers hold a 12.45% ratio of that floaft. The average trading volume of FREY on January 14, 2025 was 4.14M shares.
FREY) stock’s latest price update
FREYR Battery Inc (NYSE: FREY)’s stock price has gone rise by 1.58 in comparison to its previous close of 2.22, however, the company has experienced a -20.04% decrease in its stock price over the last five trading days. proactiveinvestors.com reported 2024-12-30 that Lithium batteries are a fundamental component of modern life, powering a wide range of devices from laptops and smartphones to electric vehicles (EVs) and even industrial equipment. As governments around the world push for greener technologies to combat climate change, demand for lithium batteries has surged.
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 previous 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 6.64% 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 -32.89% of loss for the given period.
Volatility was left at 13.21%, however, over the last 30 days, the volatility rate increased by 11.11%, as shares surge +37.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +128.50% upper at present.
During the last 5 trading sessions, FREY fell by -18.97%, which changed the moving average for the period of 200-days by +38.48% in comparison to the 20-day moving average, which settled at $2.42. In addition, FREYR Battery Inc saw -12.60% 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 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 a nutshell, FREYR Battery Inc (FREY) has experienced a mixed performance in recent times. The stock has received mixed “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.
