FREYR Battery Inc [NYSE: FREY] closed the trading session at $2.53.
The stocks have a year to date performance of 35.29 percent and weekly performance of 10.00 percent. The stock has been moved at 15.00 percent over the last six months. The stock has performed 150.50 percent around the most recent 30 days and changed 90.23 percent over the most recent 3-months.
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If compared to the average trading volume of 2.76M shares, FREY reached to a volume of 7959328 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about FREYR Battery Inc [FREY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FREY shares is $2.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FREY stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for FREYR Battery Inc shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on November 14, 2023. The new note on the price target was released on November 10, 2023, representing the official price target for FREYR Battery Inc stock. Previously, the target price had yet another drop from $14 to $7, while TD Cowen kept a Market Perform rating on FREY stock. On July 18, 2023, analysts decreased their price target for FREY shares from 14 to 10.
The Average True Range (ATR) for FREYR Battery Inc is set at 0.24 The Price to Book ratio for the last quarter was 0.66, with the Price to Cash per share for the same quarter was set at 1.31.
FREY stock trade performance evaluation
FREYR Battery Inc [FREY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.00. With this latest performance, FREY shares gained by 150.50% in over the last four-week period, additionally plugging by 15.00% over the last 6 months – not to mention a rise of 56.17% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FREY stock in for the last two-week period is set at 71.05, with the RSI for the last a single of trading hit 72.03, and the three-weeks RSI is set at 69.58 for FREYR Battery Inc [FREY]. The present Moving Average for the last 50 days of trading for this stock 1.30, while it was recorded at 2.25 for the last single week of trading, and 1.59 for the last 200 days.
FREYR Battery Inc [FREY]: An insightful look at the core fundamentals
FREYR Battery Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.36 and a Current Ratio set at 6.36.
Earnings per share (EPS) analysis for FREYR Battery Inc [FREY] stock
With the latest financial reports released by the company, FREYR Battery Inc posted -0.19/share EPS, while the average EPS was predicted by analysts to be reported at -0.23/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.04. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FREY.
FREYR Battery Inc [FREY]: Institutional Ownership
There are presently around $41.29%, or 49.16%% of FREY stock, in the hands of institutional investors.
