For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The price of FREYR Battery Inc (NYSE: FREY) closed at $2.89 in the last session, up 5.86% from day before closing price of $2.73. In other words, the price has increased by $5.86 from its previous closing price. On the day, 3.17 million shares were traded. FREY stock price reached its highest trading level at $2.94 during the session, while it also had its lowest trading level at $2.735.
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 6.36 and its Current Ratio is at 6.36. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.03.
On November 14, 2023, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also lowered its target price recommendation from $13 to $2.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 18 ’24 when Slettemoen Tore Ivar sold 391,071 shares for $1.88 per share. The transaction valued at 735,213 led to the insider holds 5,080,446 shares of the business.
Slettemoen Tore Ivar sold 600,000 shares of FREY for $978,000 on Dec 13 ’24. The Director now owns 6,016,105 shares after completing the transaction at $1.63 per share. On Dec 17 ’24, another insider, Slettemoen Tore Ivar, who serves as the Director of the company, sold 544,588 shares for $1.74 each. As a result, the insider received 947,583 and left with 5,471,517 shares of the company.
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 405588384 and an Enterprise Value of 240940096.
Stock Price History:
Over the past 52 weeks, FREY has reached a high of $3.36, while it has fallen to a 52-week low of $0.91. The 50-Day Moving Average of the stock is 49.23%, while the 200-Day Moving Average is calculated to be 74.21%.
Shares Statistics:
According to the various share statistics, FREY traded on average about 3.87M shares per day over the past 3-months and 5151130 shares per day over the past 10 days. A total of 140.49M shares are outstanding, with a floating share count of 123.25M. Insiders hold about 12.21% of the company’s shares, while institutions hold 39.60% stake in the company. Shares short for FREY as of 1734048000 were 12847980 with a Short Ratio of 3.32, compared to 1731628800 on 12011354. Therefore, it implies a Short% of Shares Outstanding of 12847980 and a Short% of Float of 10.01.
