Stocks of FREYR Battery Inc (NYSE:FREY) traded higher last session on Wall Street, up 16.41% to $2.98.
FREY stock price is now 72.97% away from the 50-day moving average and 84.16% away from the 200-day moving average. The market capitalization of the company currently stands at $487.35M.
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With the price target maintained at $4, BTIG Research recently Upgraded its rating from Neutral to Buy for FREYR Battery Inc (NYSE: FREY). On November 14, 2023, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $13 to quote $2, while ‘BTIG Research’ rates the stock as ‘Neutral’
In other news, Slettemoen Tore Ivar, Director sold 391,071 shares of the company’s stock on Dec 18 ’24. The stock was sold for $735,213 at an average price of $1.88. Upon completion of the transaction, the Director now directly owns 5,080,446 shares in the company, valued at $15.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 13 ’24, Director Slettemoen Tore Ivar sold 600,000 shares of the business’s stock. A total of $978,000 was realized by selling the stock at an average price of $1.63. This leaves the insider owning 6,016,105 shares of the company worth $17.93 million. A total of 12.49% 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 $1.6836 and a two-hundred day moving average price translates $1.611415 for the stock.
The latest earnings results from FREYR Battery Inc (NYSE: FREY) was released for 2024-09-30. The company reported revenue of $31.79 million for the quarter, compared to $35.01 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.21 percent.
