After finishing at $1.47 in the prior trading day, FREYR Battery Inc. (NYSE: FREY) closed at $1.43, down -2.72%. In other words, the price has decreased by -$0.0400 from its previous closing price. On the day, 1108315 shares were traded. FREY stock price reached its highest trading level at $1.5400 during the session, while it also had its lowest trading level at $1.4300.
Ratios:
Our goal is to gain a better understanding of FREY by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.34 and its Current Ratio is at 6.34. 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 199.78M and an Enterprise Value of -78.08M.
Stock Price History:
Over the past 52 weeks, FREY has reached a high of $10.10, while it has fallen to a 52-week low of $1.21. The 50-Day Moving Average of the stock is 1.5770, while the 200-Day Moving Average is calculated to be 4.3657.
Shares Statistics:
The stock has traded on average 1.98M shares per day over the past 3-months and 1.39M shares per day over the last 10 days, according to various share statistics. A total of 139.71M shares are outstanding, with a floating share count of 121.96M. Insiders hold about 12.70% of the company’s shares, while institutions hold 36.18% stake in the company. Shares short for FREY as of Feb 29, 2024 were 8.93M with a Short Ratio of 4.51, compared to 7.85M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.39% and a Short% of Float of 6.99%.
Earnings Estimates
Its stock is currently analyzed by 2 different market analysts. On average, analysts expect EPS of -$0.22 for the current quarter, with a high estimate of -$0.19 and a low estimate of -$0.26, while EPS last year was -$0.09. The consensus estimate for the next quarter is -$0.21, with high estimates of -$0.16 and low estimates of -$0.26.
Analysts are recommending an EPS of between -$0.63 and -$1.03 for the fiscal current year, implying an average EPS of -$0.82. EPS for the following year is -$0.78, with 3 analysts recommending between -$0.55 and -$1.17.
Revenue Estimates
Based on 1 analysts’ estimates, the company’s revenue will be $8.9M in the next fiscal year. The high estimate is $8.9M and the low estimate is $8.9M. The average revenue growth estimate for next year is up 423.50% from the average revenue estimate for this year.
