FREYR Battery Inc. (NYSE: FREY) is -24.06% lower on its value in year-to-date trading and has touched a low of $1.21 and a high of $10.10 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 $1.43 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $1.42, the stock is -12.91% and -9.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.49 million and changing -0.70% at the moment leaves the stock -67.47% off its SMA200. FREY registered -80.44% loss for a year compared to 6-month loss of -75.13%. The firm has a 200-day simple moving average (SMA200) of $0.59.
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The stock witnessed a -21.11% gain in the last 1 month and extending the period to 3 months gives it a -31.07%, and is -12.88% 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 7.97% over the week and 8.50% over the month.
FREYR Battery Inc. (FREY) has around 263 employees, a market worth around $198.39M and $0.00M in sales. Distance from 52-week low is 17.36% and -85.94% from its 52-week high. The company has generated returns on investments over the last 12 months (-11.03%).
FREYR Battery Inc. quarterly earnings per share for the current quarter are estimated at -$0.22 with sales reaching $100k over the same period.The EPS is expected to shrink by -60.78% this year.
FREYR Battery Inc. (FREY) Top Institutional Holders
144 institutions hold shares in FREYR Battery Inc. (FREY), with institutional investors hold 43.79% of the company’s shares. The shares outstanding are 139.71M, and float is at 121.96M with Short Float at 7.32%. Institutions hold 36.84% of the Float.
The top institutional shareholder in the company is Kim, LLC with over 11.5 million shares valued at $107.53 million. The investor’s holdings represent 8.23% of the FREY Shares outstanding. As of Jun 29, 2023, the second largest holder is Encompass Capital Advisors, LLC with 6.95 million shares valued at $64.99 million to account for 4.98% of the shares outstanding. The other top investors are Handelsbanken Fonder AB which holds 5.61 million shares representing 4.01% and valued at over $27.42 million, while Morgan Stanley holds 3.04% of the shares totaling 4.24 million with a market value of $39.65 million.
