FREYR Battery (NYSE: FREY) is -13.94% lower on its value in year-to-date trading and has touched a low of $6.20 and a high of $16.94 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FREY stock was last observed hovering at around $7.46 in the last trading session, with the day’s gains setting it 0.01% off its average median price target of $15.00 for the next 12 months. It is also 62.65% off the consensus price target high of $20.00 offered by 9 analysts, but current levels are 37.75% higher than the price target low of $12.00 for the same period.
Currently trading at $7.47, the stock is 4.27% and -0.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing 0.13% at the moment leaves the stock -28.61% off its SMA200. FREY registered -8.34% loss for a year compared to 6-month loss of -44.63%. The firm has a 200-day simple moving average (SMA200) of -$4.51.
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The stock witnessed a 8.26% gain in the last 1 month and extending the period to 3 months gives it a -12.43%, and is -2.23% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.82% over the week and 5.45% over the month.
Distance from 52-week low is 20.48% and -55.90% from its 52-week high.
FREYR Battery (FREY) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for FREYR Battery (FREY) is a “Buy”. 9 analysts offering their recommendations for the stock have an average rating of 1.90, where 2 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
FREYR Battery is expected to release its quarterly report on 08/09/2023.The EPS is expected to grow by 32.70% this year
FREYR Battery (FREY) Top Institutional Holders
The shares outstanding are 139.71M, and float is at 113.60M with Short Float at 10.20%.