Ratio Examination: FREYR Battery Inc. (FREY)’s Price-to-Cash and Price-to-Free Cash Flow

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In the latest session, FREYR Battery Inc. (NYSE: FREY) closed at $1.60 down -6.43% from its previous closing price of $1.71. In other words, the price has decreased by -$6.43 from its previous closing price. On the day, 1.41 million shares were traded. FREY stock price reached its highest trading level at $1.705 during the session, while it also had its lowest trading level at $1.59.

Ratios:

For a deeper understanding of FREYR Battery Inc.’s stock, let’s take a closer look at its various ratios. 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 238896000 and an Enterprise Value of -12970626.

Stock Price History:

The Beta on a monthly basis for FREY is 0.75, which has changed by -0.77207977 over the last 52 weeks, in comparison to a change of 0.2586832 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 -17.80%, while the 200-Day Moving Average is calculated to be -34.40%.

Shares Statistics:

For the past three months, FREY has traded an average of 1.62M shares per day and 1323440 over the past ten 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 36.41% stake in the company. Shares short for FREY as of 1715731200 were 8376003 with a Short Ratio of 4.52, compared to 1713139200 on 8332740. Therefore, it implies a Short% of Shares Outstanding of 8376003 and a Short% of Float of 6.5600000000000005.

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