Are we looking at the next big move in FREYR Battery Inc (FREY)?

FREYR Battery Inc (NYSE: FREY) is 24.06% higher on its value in year-to-date trading and has touched a low of $0.91 and a high of $2.92 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FREY stock was last observed hovering at around $2.05 in the last trading session, with the day’s gains setting it 0.27%.

Currently trading at $2.32, the stock is 86.42% and 107.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.6 million and changing 13.17% at the moment leaves the stock 49.22% off its SMA200. FREY registered 12.08% gain for a year compared to 6-month loss of 21.47%. The firm has a 50-day simple moving average (SMA 50) of $1.09386 and a 200-day simple moving average (SMA200) of $1.549715.

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The stock witnessed a 127.45% gain in the last 1 month and extending the period to 3 months gives it a 79.84%, and is 125.24% up 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 28.32% over the week and 11.40% over the month.

FREYR Battery Inc (FREY) has around 263 employees, a market worth around $284.33M and $0.00M in sales. Distance from 52-week low is 154.83% and -20.55% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.29%).

with sales reaching $450k over the same period.The EPS is expected to shrink by -45.10% this year.

FREYR Battery Inc (FREY) Top Institutional Holders

The shares outstanding are 139.71M, and float is at 121.50M with Short Float at 8.62%.

The top institutional shareholder in the company is OGOREK ANTHONY JOSEPH /NY/ /ADV with over 5084.0 shares valued at $8000.0. The investor’s holdings represent 0.0036% of the FREY Shares outstanding.