FREYR Battery (NYSE:FREY – Get Ranking) was the recipient of some uncommon choices buying and selling exercise on Friday. Traders purchased 6,065 name choices on the inventory. This represents a rise of roughly 176% in comparison with the typical each day quantity of two,196 name choices.
Analyst Scores Adjustments
A number of analysts not too long ago commented on FREY shares. The Goldman Sachs Group upgraded shares of FREYR Battery from a “impartial” ranking to a “purchase” ranking and raised their worth goal for the corporate from $11.00 to $19.00 in a analysis observe on Wednesday. Credit score Suisse Group raised their goal worth on shares of FREYR Battery to $16.00 in a report on Monday, August fifteenth. Two analysis analysts have rated the inventory with a maintain ranking and 4 have issued a purchase ranking to the corporate. In response to MarketBeat, FREYR Battery presently has a consensus ranking of “Reasonable Purchase” and a consensus goal worth of $17.50.
FREYR Battery Inventory Down 2.4 %
NYSE:FREY traded down $0.30 throughout mid-day buying and selling on Friday, hitting $12.30. 4,090,446 shares of the corporate’s inventory traded palms, in comparison with its common quantity of 1,195,344. The corporate has a debt-to-equity ratio of 0.02, a fast ratio of 11.74 and a present ratio of 11.74. The agency’s 50 day easy shifting common is $9.08 and its 200 day easy shifting common is $9.25. FREYR Battery has a 1 12 months low of $6.42 and a 1 12 months excessive of $14.37.
FREYR Battery (NYSE:FREY – Get Ranking) final issued its quarterly earnings outcomes on Monday, August eighth. The corporate reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.30. Throughout the identical quarter within the earlier 12 months, the corporate earned ($0.04) EPS. Equities analysts forecast that FREYR Battery will submit -1.21 EPS for the present fiscal 12 months.
Institutional Traders Weigh In On FREYR Battery
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Quite a lot of hedge funds and different institutional traders have not too long ago modified their holdings of FREY. Quantbot Applied sciences LP lifted its place in FREYR Battery by 653.2% in the course of the second quarter. Quantbot Applied sciences LP now owns 3,879 shares of the corporate’s inventory valued at $26,000 after shopping for a further 3,364 shares within the final quarter. Royal Financial institution of Canada lifted its place in shares of FREYR Battery by 158.6% in the course of the first quarter. Royal Financial institution of Canada now owns 3,931 shares of the corporate’s inventory price $49,000 after buying a further 2,411 shares within the final quarter. First PREMIER Financial institution acquired a brand new place in shares of FREYR Battery in the course of the second quarter price $31,000. Ogorek Anthony Joseph NY ADV acquired a brand new place in shares of FREYR Battery in the course of the first quarter price $62,000. Lastly, MTM Funding Administration LLC acquired a brand new place in shares of FREYR Battery in the course of the first quarter price $123,000. 55.36% of the inventory is presently owned by hedge funds and different institutional traders.
FREYR Battery Firm Profile
(Get Ranking)
FREYR Battery engages within the manufacturing and sale of battery cells for stationary vitality storage, electrical mobility, and marine purposes in Europe and internationally. The corporate designs and manufactures lithium-ion based mostly battery cell amenities. The corporate was based in 2018 and relies in Luxembourg.
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