What shareholders can do to beat the market with FREYR Battery (FREY) stock

In the latest session, FREYR Battery (NYSE: FREY) closed at $10.94 down -2.67% from its previous closing price of $11.24. In other words, the price has decreased by -$0.30 from its previous closing price. On the day, 3492931 shares were traded. FREY stock price reached its highest trading level at $11.38 during the session, while it also had its lowest trading level at $10.87.

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Ratios:

For a deeper understanding of FREYR Battery’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 9.30 and its Current Ratio is at 9.30. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

On August 25, 2022, Goldman Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $11 to $19.

On June 21, 2022, Goldman started tracking the stock assigning a Neutral rating and target price of $8.Goldman initiated its Neutral rating on June 21, 2022, with a $8 target price.

Stock Price History:

Over the past 52 weeks, FREY has reached a high of $16.94, while it has fallen to a 52-week low of $6.42. The 50-Day Moving Average of the stock is 13.48, while the 200-Day Moving Average is calculated to be 10.77.

Shares Statistics:

For the past three months, FREY has traded an average of 3.19M shares per day and 4.18M over the past ten days. A total of 116.70M shares are outstanding, with a floating share count of 90.61M. Insiders hold about 22.36% of the company’s shares, while institutions hold 51.80% stake in the company. Shares short for FREY as of Oct 13, 2022 were 7.33M with a Short Ratio of 7.34M, compared to 7.23M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 6.28% and a Short% of Float of 10.19%.

Earnings Estimates

There are 4 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.3 for the current quarter, with a high estimate of -$0.25 and a low estimate of -$0.35, while EPS last year was -$0.42. The consensus estimate for the next quarter is -$0.33, with high estimates of -$0.25 and low estimates of -$0.44.

Analysts are recommending an EPS of between -$0.8 and -$0.86 for the fiscal current year, implying an average EPS of -$0.83. EPS for the following year is -$1.84, with 4 analysts recommending between -$1.77 and -$1.92.

Revenue Estimates

Based on 5 analysts’ estimates, the company’s revenue will be $21.84M in the next fiscal year. The high estimate is $45M and the low estimate is $11.88M. The average revenue growth estimate for next year is up 586.80% from the average revenue estimate for this year.