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The closing price of FREYR Battery Inc (NYSE: FREY) was $2.49 for the day, up 1.63% from the previous closing price of $2.45. In other words, the price has increased by $1.63 from its previous closing price. On the day, 2.68 million shares were traded. FREY stock price reached its highest trading level at $2.71 during the session, while it also had its lowest trading level at $2.43.
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 6.36 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 349451584 and an Enterprise Value of 184744096.
Stock Price History:
The Beta on a monthly basis for FREY is 0.97, which has changed by 0.81751823 over the last 52 weeks, in comparison to a change of 0.23631513 over the same period for the S&P500. 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 13.18%, while the 200-Day Moving Average is calculated to be 46.73%.
Shares Statistics:
FREY traded an average of 4.20M shares per day over the past three months and 2765320 shares per day over the past ten days. A total of 140.49M shares are outstanding, with a floating share count of 106.98M. Insiders hold about 23.85% of the company’s shares, while institutions hold 38.29% stake in the company. Shares short for FREY as of 1735603200 were 13314563 with a Short Ratio of 3.17, compared to 1732838400 on 13370111. Therefore, it implies a Short% of Shares Outstanding of 13314563 and a Short% of Float of 10.37.
