FREYR Battery Inc (NYSE: FREY) is 58.82% higher on its value in year-to-date trading and has touched a low of $0.91 and a high of $2.85 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 $2.56 in the last trading session, with the day’s gains setting it 0.42%.
Currently trading at $2.98, the stock is 53.77% and 72.97% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.71 million and changing 16.41% at the moment leaves the stock 84.16% off its SMA200. FREY registered 56.32% gain for a year compared to 6-month gain of 73.68%. The firm has a 50-day simple moving average (SMA 50) of $1.6836 and a 200-day simple moving average (SMA200) of $1.611415.
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The stock witnessed a 21.22% loss in the last 1 month and extending the period to 3 months gives it a 194.06%, and is 68.75% 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 20.45% over the week and 11.91% over the month.
FREYR Battery Inc (FREY) has around 263 employees, a market worth around $487.35M and $0.00M in sales. Fwd P/E is 34.45. Distance from 52-week low is 227.33% and 4.56% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.29%).
The EPS is expected to shrink by -39.71% this year
172.0 institutions hold shares in FREYR Battery Inc (FREY), with institutional investors hold 49.41% of the company’s shares. The shares outstanding are 140.49M, and float is at 122.94M with Short Float at 10.45%. Institutions hold 41.57% of the Float.
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.
FREYR Battery Inc (FREY) Insider Activity
The most recent transaction is an insider sale by Slettemoen Tore Ivar, the company’s Director. SEC filings show that Slettemoen Tore Ivar sold 391,071 shares of the company’s common stock on Dec 18 ’24 at a price of $1.88 per share for a total of $0.74 million. Following the sale, the insider now owns 5.08 million shares.
FREYR Battery Inc disclosed in a document filed with the SEC on Dec 13 ’24 that Slettemoen Tore Ivar (Director) sold a total of 600,000 shares of the company’s common stock. The trade occurred on Dec 13 ’24 and was made at $1.63 per share for $0.98 million. Following the transaction, the insider now directly holds 6.02 million shares of the FREY stock.
Still, SEC filings show that on Dec 17 ’24, Slettemoen Tore Ivar (Director) disposed off 544,588 shares at an average price of $1.74 for $0.95 million. The insider now directly holds 5,471,517 shares of FREYR Battery Inc (FREY).
