FREYR Battery Inc. (NYSE: FREY) on Tuesday, plunged -3.70% from the previous trading day, before settling in for the closing price of $1.08. Within the past 52 weeks, FREY’s price has moved between $0.91 and $3.73.
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The company achieved an average annual earnings per share of -54.90%. With a float of $121.50 million, this company’s outstanding shares have now reached $139.71 million.
In an organization with 263 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 0.0%, operating margin of 0.0%, and the pretax margin is 0.0%.
FREYR Battery Inc. (FREY) Insider Updates
Observing investor behavior towards Electrical Equipment & Parts industry stocks is more important than anything else. The insider ownership of FREYR Battery Inc. is 13.51%, while institutional ownership is 42.55%.
FREYR Battery Inc. (FREY) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.07 earnings per share (EPS) for the period topping the consensus outlook (set at -0.31) by 0.24. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.18 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -54.90% per share during the next fiscal year.
FREYR Battery Inc. (NYSE: FREY) Trading Performance Indicators
FREYR Battery Inc. (FREY) is currently performing well based on its current performance indicators. A quick ratio of 6.63 was reported for the most recent quarter.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.64, a number that is poised to hit -0.20 in the next quarter and is forecasted to reach -0.71 in one year’s time.
Technical Analysis of FREYR Battery Inc. (FREY)
Let’s dig in a bit further. During the last 5-days, its volume was 0.61 million. That was inferior than the volume of 1.59 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 80.46%. Additionally, its Average True Range was 0.07.
During the past 100 days, FREYR Battery Inc.’s (FREY) raw stochastic average was set at 7.91%, which indicates a significant decrease from 68.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 61.97% in the past 14 days, which was lower than the 75.17% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.0957, while its 200-day Moving Average is $1.5653. However, in the short run, FREYR Battery Inc.’s stock first resistance to watch stands at $1.0700. Second resistance stands at $1.1000. The third major resistance level sits at $1.1250. If the price goes on to break the first support level at $1.0150, it is likely to go to the next support level at $0.9900. Assuming the price breaks the second support level, the third support level stands at $0.9600.
FREYR Battery Inc. (NYSE: FREY) Key Stats
Market capitalization of the company is 146.11 million based on 139,705K outstanding shares. Right now, sales total 0 K and income totals -71,950 K. The company made 0 K in profit during its latest quarter, and -26,990 K in sales during its previous quarter.
