A share price of FREYR Battery Inc. [FREY] is currently trading at $1.75, up 4.79%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FREY shares have gain 9.38% over the last week, with a monthly amount glided 4.17%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
FREYR Battery Inc. [NYSE: FREY] stock has seen the most recent analyst activity on November 14, 2023, when Morgan Stanley downgraded its rating to a Equal-Weight and also revised its price target to $2 from $13. Previously, BTIG Research downgraded its rating to Neutral on November 10, 2023. On October 25, 2023, downgrade downgraded it’s rating to Market Perform and revised its price target to $7 on the stock. Goldman downgraded its rating to a Neutral and decreased its price target to $10 on July 18, 2023. Morgan Stanley upgraded its rating to a Overweight but $13 remained the price target by the analyst firm on June 29, 2023. BofA Securities started tracking with a Buy rating for this stock on February 10, 2023, and assigned it a price target of $13. In a note dated January 25, 2023, Morgan Stanley downgraded an Equal-Weight rating on this stock and revised its target price from $26 to $13.
FREYR Battery Inc. experienced fluctuations in its stock price throughout the past year between $1.21 and $10.10. Currently, Wall Street analysts expect the stock to reach $19 within the next 12 months. FREYR Battery Inc. [NYSE: FREY] shares were valued at $1.75 at the most recent close of the market. An investor can expect a potential return of 985.71% based on the average FREY price forecast.
Analyzing the FREY fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.11 and Total Capital is -0.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.7000 points at the first support level, and at 1.6500 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.7950, and for the 2nd resistance point, it is at 1.8400.
FREYR Battery Inc. [FREY] reported earnings per share of -$0.17 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.25/share, meaning a difference of $0.08 and a surprise factor of 32.00%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were -$0.07 per share as compared to estimates of -$0.31 per share, a difference of $0.24 representing a surprise of 77.40%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for FREYR Battery Inc. [NYSE:FREY] is 6.34. In addition, the Quick Ratio stands at 6.34 and the Cash Ratio stands at 5.61.
