In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
As of close of business last night, FREYR Battery Inc’s stock clocked out at $2.58, down -4.44% from its previous closing price of $2.70. In other words, the price has decreased by -$4.44 from its previous closing price. On the day, 3.27 million shares were traded. FREY stock price reached its highest trading level at $2.719 during the session, while it also had its lowest trading level at $2.45.
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 6.36 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 362082336 and an Enterprise Value of 197388192.
Stock Price History:
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 38.22%, while the 200-Day Moving Average is calculated to be 56.82%.
Shares Statistics:
It appears that FREY traded 3.80M shares on average per day over the past three months and 5337840 shares per day over the past ten days. A total of 140.49M shares are outstanding, with a floating share count of 123.33M. Insiders hold about 12.21% of the company’s shares, while institutions hold 41.45% stake in the company. Shares short for FREY as of 1734048000 were 12847980 with a Short Ratio of 3.38, compared to 1731628800 on 12011354. Therefore, it implies a Short% of Shares Outstanding of 12847980 and a Short% of Float of 10.01.
