Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $1.58 in the prior trading day, FREYR Battery Inc. (NYSE: FREY) closed at $1.67, up 5.70%. In other words, the price has increased by $5.70 from its previous closing price. On the day, 0.84 million shares were traded. FREY stock price reached its highest trading level at $1.7 during the session, while it also had its lowest trading level at $1.58.
Ratios:
Our goal is to gain a better understanding of FREY by taking a closer look at 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 233307328 and an Enterprise Value of -20205260.
Stock Price History:
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 -0.98%, while the 200-Day Moving Average is calculated to be -52.13%.
Shares Statistics:
The stock has traded on average 1.58M shares per day over the past 3-months and 1075650 shares per day over the last 10 days, according to various share statistics. 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 35.24% stake in the company. Shares short for FREY as of 1713139200 were 8332740 with a Short Ratio of 5.27, compared to 1710460800 on 7709805. Therefore, it implies a Short% of Shares Outstanding of 8332740 and a Short% of Float of 6.52.
