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The price of FREYR Battery Inc. (NYSE: FREY) closed at $1.22 in the last session, down -0.81% from day before closing price of $1.23. In other words, the price has decreased by -$0.81 from its previous closing price. On the day, 0.74 million shares were traded. FREY stock price reached its highest trading level at $1.238 during the session, while it also had its lowest trading level at $1.2.
Ratios:
We take a closer look at FREY’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 6.63 and its Current Ratio is at 6.63. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.03.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on November 14, 2023, Downgraded its rating to Equal-Weight and sets its target price to $2 from $13 previously.
TD Cowen Downgraded its Outperform to Market Perform on October 25, 2023, whereas the target price for the stock was revised from $14 to $7.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FREY now has a Market Capitalization of 170440096 and an Enterprise Value of -30798704.
Stock Price History:
Over the past 52 weeks, FREY has reached a high of $7.32, while it has fallen to a 52-week low of $1.10. The 50-Day Moving Average of the stock is -26.94%, while the 200-Day Moving Average is calculated to be -32.08%.
Shares Statistics:
According to the various share statistics, FREY traded on average about 1.99M shares per day over the past 3-months and 1701650 shares per day over the past 10 days. A total of 139.71M shares are outstanding, with a floating share count of 121.40M. Insiders hold about 13.59% of the company’s shares, while institutions hold 42.65% stake in the company. Shares short for FREY as of 1722384000 were 11952019 with a Short Ratio of 6.00, compared to 1719532800 on 7252937. Therefore, it implies a Short% of Shares Outstanding of 11952019 and a Short% of Float of 9.36.
Earnings Estimates
Investors are keenly observing as 2.0 analysts analyze and rate the current performance of FREYR Battery Inc. (FREY) in the stock market.The consensus estimate for the next quarter is -$0.17, with high estimates of -$0.14 and low estimates of -$0.2.
Analysts are recommending an EPS of between -$0.68 and -$0.79 for the fiscal current year, implying an average EPS of -$0.73. EPS for the following year is -$0.6, with 2.0 analysts recommending between -$0.58 and -$0.62.
Revenue Estimates
For the next quarter, 2 analysts are estimating revenue of $450k. There is a high estimate of $500k for the next quarter, whereas the lowest estimate is $400k.
Based on 2 analysts’ estimates, the company’s revenue will be $3.42M in the next fiscal year. The high estimate is $3.8M and the low estimate is $3.04M.
