FREYR Battery Inc (NYSE:FREY) does about 3.44M shares in volume on a normal day but saw 9603058 shares change hands in the recent trading day. The company now has a market cap of 359.66M USD. Its current market price is $2.56, marking an increase of 18.52% compared to the previous close of $2.16. The 52 week high reached by this stock is $2.85 whilst the lowest price level in 52 weeks is $0.91. The script in recent trading has seen the stock touch a high of $25 and a low of $13.
FREYR Battery Inc (FREY) has a 20-day trading average at $1.90 and the current price is -10.18% off the 52-week high compared with 181.20% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.68 and its 200-day simple moving average is $1.61. If we look at the stock’s price movements over the week, volatility stands at 17.45%, which decreases to 11.22% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 70.01 to suggest the stock is overbought.
3 analysts observing the FREYR Battery Inc (FREY) stock have set the 12-month price targets for the company’s shares at between $13 and $25. The consensus objective for the share price is $4.00, suggesting that the stock has a potential upside of 36.0% over the period. The median price target is 86.53% away from the current levels at $19.
FactSet Research has provided data showing that 3 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 3 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 20, 2024 when BTIG Research upgraded the stock to “Buy” and issued a price target of $4. Morgan Stanley downgraded the stock to “Equal-Weight” from Overweight on November 14, 2023 at a price target of $13-$2.
The current price level is 34.67%, 52.05%, and 58.87% away from its SMA20, SMA50, and SMA200 respectively, with the FREY price moving below the 50-day SMA on current market day. FREYR Battery Inc (FREY) stock is up 63.06% over the week and 1.19% over the past month. Its price is 36.90% year-to-date and 34.03% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.13 and -0.71 for whole year.
Its 12-month price target is $19. To reach the target analysts have set, the stock logically needs to grow 36.0 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $13, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $25.
Outstanding shares total 140.49M with insiders holding 15.86% of the shares and institutional holders owning 41.57% of the company’s common stock. The company has a return on investment of -19.29% and return on equity of -18.30%. The forward price to earnings ratio is 29.60. The beta has a value of 1.02. Price to book ratio is 0.67.
