In yesterday’s Wall Street session, FREYR Battery Inc (NYSE:FREY) shares traded at $2.30, up 9.52% from the previous session.
FREY stock price is now 95.10% away from the 50-day moving average and 46.81% away from the 200-day moving average. The market capitalization of the company currently stands at $323.13M.
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With the price target reduced from $13 to $2, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for FREYR Battery Inc (NYSE: FREY). , while ‘TD Cowen’ rates the stock as ‘Market Perform’
In other news, Calio Joseph Evan, Chief Financial Officer bought 130,600 shares of the company’s stock on Nov 08 ’24. The stock was bought for $249,446 at an average price of $1.91. Upon completion of the transaction, the Chief Financial Officer now directly owns 130,600 shares in the company, valued at $0.3 million. A total of 13.51% of the company’s stock is owned by insiders.
During the past 12 months, FREYR Battery Inc has had a low of $0.91 and a high of $2.85. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 6.36, and a quick ratio of 6.36. The fifty day moving average price for FREY is $1.15486 and a two-hundred day moving average price translates $1.561865 for the stock.
The latest earnings results from FREYR Battery Inc (NYSE: FREY) was released for 2024-09-30. The company reported revenue of $30.78 million for the quarter, compared to $34.03 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.55 percent.
