FREYR Battery Inc [NYSE: FREY] traded at a high on Monday, posting a 18.52 gain after which it closed the day’ session at $2.56.
The results of the trading session contributed to over 9603058 shares changing hands. Over the past one week, the price volatility of FREYR Battery Inc stands at 17.45% while the volatility over the past one month is 11.22%.
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The market cap for FREY stock reached $429.20 million, with 140.49 million shares outstanding and 121.80 million shares in the current float. Compared to the average trading volume of 3.44M shares, FREY reached a trading volume of 9603058 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $4.00 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 1.00. 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.
BTIG Research have made an estimate for FREYR Battery Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 20, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $13 to $2. The new note on the price target was released on November 14, 2023, representing the official price target for FREYR Battery Inc stock. On October 25, 2023, analysts decreased their price target for FREY shares from 14 to 7.
The Average True Range (ATR) for FREYR Battery Inc is set at 0.26 The Price to Book ratio for the last quarter was 0.67, with the Price to Cash per share for the same quarter was set at 1.10.
How has FREY stock performed recently?
FREYR Battery Inc [FREY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 63.06. With this latest performance, FREY shares gained by 1.19% in over the last four-week period, additionally plugging by 62.03% over the last 6 months – not to mention a rise of 34.03% 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 70.01, with the RSI for the last a single of trading hit 77.34, and the three-weeks RSI is set at 66.25 for FREYR Battery Inc [FREY]. The present Moving Average for the last 50 days of trading for this stock 1.68, while it was recorded at 2.02 for the last single week of trading, and 1.61 for the last 200 days.
FREYR Battery Inc [FREY]: Deeper insight into the 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.
Insider trade positions for FREYR Battery Inc [FREY]
There are presently around $41.57%, or 49.41%% of FREY stock, in the hands of institutional investors.
