FREYR Battery Inc [NYSE: FREY] surged by $0.15 during the normal trading session on while it closed the day at $2.73.
FREYR Battery Inc stock has also loss -8.39% of its value over the past 7 days. However, FREY stock has inclined by 167.65% in the 3 months of the year. Over the past six months meanwhile, it has gained 66.46% and gained 5.81% year-on date.
The market cap for FREY stock reached $383.54 million, with 140.49 million shares outstanding and 123.33 million shares in the current float. Compared to the average trading volume of 3.79M shares, FREY reached a trading volume of 4192759 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 $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 0.30 The Price to Book ratio for the last quarter was 0.71, 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] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.39. With this latest performance, FREY shares gained by 33.82% in over the last four-week period, additionally plugging by 66.46% over the last 6 months – not to mention a rise of 43.68% 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 63.50, with the RSI for the last a single of trading hit 64.02, and the three-weeks RSI is set at 62.64 for FREYR Battery Inc [FREY]. The present Moving Average for the last 50 days of trading for this stock 1.90, while it was recorded at 2.81 for the last single week of trading, and 1.65 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.
FREYR Battery Inc [FREY]: Institutional Ownership
There are presently around $33.18%, or 42.68%% of FREY stock, in the hands of institutional investors.
