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.
As of close of business last night, FREYR Battery Inc.’s stock clocked out at $1.62, down -1.82% from its previous closing price of $1.65. In other words, the price has decreased by -$1.82 from its previous closing price. On the day, 1.09 million shares were traded. FREY stock price reached its highest trading level at $1.69 during the session, while it also had its lowest trading level at $1.58.
Ratios:
To gain a deeper understanding of FREY’s stock, we examine 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 226322080 and an Enterprise Value of -27190520.
Stock Price History:
The Beta on a monthly basis for FREY is 0.70, which has changed by -0.78078485 over the last 52 weeks, in comparison to a change of 0.2006725 over the same period for the S&P500. 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 -4.88%, while the 200-Day Moving Average is calculated to be -55.97%.
Shares Statistics:
It appears that FREY traded 1.59M shares on average per day over the past three months and 1593330 shares per day over the past ten days. 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 35.41% stake in the company. Shares short for FREY as of 1711584000 were 7646590 with a Short Ratio of 4.81, compared to 1709164800 on 8927269. Therefore, it implies a Short% of Shares Outstanding of 7646590 and a Short% of Float of 5.9899997.
Earnings Estimates
The current assessment of FREYR Battery Inc. (FREY) involves the perspectives of 2 analysts closely monitoring its market dynamics.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.
