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The closing price of FREYR Battery Inc (NYSE: FREY) was $2.14 for the day, down -7.76% from the previous closing price of $2.32. In other words, the price has decreased by -$7.76 from its previous closing price. On the day, 5.12 million shares were traded. FREY stock price reached its highest trading level at $2.4 during the session, while it also had its lowest trading level at $2.0601.
Ratios:
Our analysis of FREY’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 6.63 and its Current Ratio is at 6.36. In the meantime, Its Debt-to-Equity ratio is 0.03 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 298968704 and an Enterprise Value of 135572608.
Stock Price History:
Over the past 52 weeks, FREY has reached a high of $2.85, while it has fallen to a 52-week low of $0.91. The 50-Day Moving Average of the stock is 88.40%, while the 200-Day Moving Average is calculated to be 37.34%.
Shares Statistics:
FREY traded an average of 2.46M shares per day over the past three months and 8876030 shares per day over the past ten days. A total of 139.71M shares are outstanding, with a floating share count of 121.50M. Insiders hold about 13.51% of the company’s shares, while institutions hold 41.27% stake in the company. Shares short for FREY as of 1728950400 were 10469581 with a Short Ratio of 4.78, compared to 1726185600 on 12995562. Therefore, it implies a Short% of Shares Outstanding of 10469581 and a Short% of Float of 8.1999995.
