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The price of FREYR Battery Inc. (NYSE: FREY) closed at $1.95 in the last session, up 6.56% from day before closing price of $1.83. In other words, the price has increased by $6.56 from its previous closing price. On the day, 1.85 million shares were traded. FREY stock price reached its highest trading level at $1.95 during the session, while it also had its lowest trading level at $1.765.
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 6.70 and its Current Ratio is at 6.70. 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 272424736 and an Enterprise Value of 35926208.
Stock Price History:
The Beta on a monthly basis for FREY is 0.77, which has changed by -0.763062 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, FREY has reached a high of $9.75, while it has fallen to a 52-week low of $1.21. The 50-Day Moving Average of the stock is 1.64%, while the 200-Day Moving Average is calculated to be -6.77%.
Shares Statistics:
According to the various share statistics, FREY traded on average about 1.87M shares per day over the past 3-months and 1347140 shares per day over the past 10 days. A total of 139.71M shares are outstanding, with a floating share count of 120.72M. Insiders hold about 13.59% of the company’s shares, while institutions hold 36.50% stake in the company. Shares short for FREY as of 1719532800 were 7252937 with a Short Ratio of 3.87, compared to 1717113600 on 7336370. Therefore, it implies a Short% of Shares Outstanding of 7252937 and a Short% of Float of 5.6799997.
