FREYR Battery Inc. (NYSE:FREY) shares, rose in value, with the stock price up by 5.70% to the previous day’s close as strong demand from buyers drove the stock to $1.67.
Actively observing the price movement in the last trading, the stock closed the session at $1.58. Referring to stock’s 52-week performance, its high was $10.10, and the low was $1.21. On the whole, FREY has fluctuated by 1.21% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.7M, with a low estimate of 100k and a high estimate of 100k. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 100k.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FREY’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of FREY currently trading nearly -6.76% and -0.98% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.72, while the 7-day volatility ratio is showing 7.87% which for the 30-day chart, stands at 7.96%. Furthermore, FREYR Battery Inc. (FREY)’s beta value is 0.71, and its average true range (ATR) is 0.14.
A comparison of FREYR Battery Inc. (FREY) with its peers suggests the former has fared considerably weaker in the market. FREY showed an intraday change of 5.70% in last session, and over the past year, it shrunk by -75.80%%.
Data on historical trading for FREYR Battery Inc. (NYSE:FREY) indicates that the trading volumes over the past 3 months, they’ve averaged 1.58 million. According to company’s latest data on outstanding shares, there are 139.71 million shares outstanding.
Nearly 12.70% of FREYR Battery Inc.’s shares belong to company insiders and institutional investors own 35.24% of the company’s shares. The stock has fallen by -10.70% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FREY stock heading into the next quarter.
