At the time of writing, FREYR Battery Inc. [FREY] stock is trading at $1.58, down -0.63%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling.
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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 $1.58 at the most recent close of the market. An investor can expect a potential return of 1102.53% based on the average FREY price forecast.
Analyzing the FREY fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.14 and Total Capital is -0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
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 1.5433 points at the first support level, and at 1.5067 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.6233, and for the 2nd resistance point, it is at 1.6667.
Ratios To Look Out For
It is important to note that FREYR Battery Inc. [NYSE:FREY] has a current ratio of 6.70. Also, the Quick Ratio is 6.70, while the Cash Ratio stands at 6.31.
