At the time of writing, FREYR Battery Inc. [FREY] stock is trading at $1.85, up 10.12%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The FREY shares have gain 10.12% over the last week, with a monthly amount drifted -11.90%, and not 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.
For the past year, the stock price of FREYR Battery Inc. fluctuated 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 $1.85 at the most recent close of the market. An investor can expect a potential return of 927.03% 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 1.7067 points at the first support level, and at 1.5633 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9667, and for the 2nd resistance point, it is at 2.0833.
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
It is important to note that FREYR Battery Inc. [NYSE:FREY] has a current ratio of 6.70. Further, the Quick Ratio stands at 6.34, while the Cash Ratio is 5.61.
