FREYR Battery Inc. (NYSE:FREY) concluded the trading at $2.58 on Friday, May 24 a rise of 17.27% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $2.20. Considering stock’s 52-week price range provides that FREY hit a high price of $10.10 and saw its price falling to a low level of $1.21 during that period. Over a period of past 1-month, stock came adding 63.29% in its value.
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In contrast, when we review FREY stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of Hold. Long term indicators are suggesting an average of Hold for it.
Digging deeper we become aware of the PEG ratio of the FREY stock which is currently positioned at 0. It further provides that stock’s current price level is 35.93% away from its 20-day simple moving average and is 45.01% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 68.69 while volatility remained at 15.52% over the past week which changes to 10.09% when measuring it over the past month. Beta is valued at 0.77, while measure of average true range or ATR is currently at 0.21.
Having a second look at FREYR Battery Inc. (NYSE:FREY) provides that stock’s average daily trading volume for 3 months was 1.61 million. Number of outstanding shares of the stock stood at 139.71 million.
The percentage of outstanding shares held by the insiders is 13.59% while it is 36.46% for the institutional holders. Addition of 37.97% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
