FREYR Battery (NYSE:FREY – Get Rating) gapped up prior to trading on Tuesday . The stock had previously closed at $13.49, but opened at $13.94. FREYR Battery shares last traded at $13.50, with a volume of 4,823 shares changing hands.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on FREY. Credit Suisse Group upped their price target on shares of FREYR Battery to $16.00 in a report on Monday, August 15th. Morgan Stanley set a $26.00 price target on shares of FREYR Battery and gave the company an “overweight” rating in a report on Wednesday, September 21st. Cowen started coverage on shares of FREYR Battery in a research report on Monday, October 31st. They issued an “outperform” rating for the company. Cowen started coverage on shares of FREYR Battery in a research report on Monday, October 31st. They issued an “outperform” rating for the company. Finally, BTIG Research boosted their price objective on shares of FREYR Battery from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, September 1st. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $21.50.
FREYR Battery Trading Up 2.5 %
The company has a debt-to-equity ratio of 0.02, a current ratio of 9.27 and a quick ratio of 9.27. The business’s 50-day moving average price is $13.72 and its two-hundred day moving average price is $10.82. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of -11.17 and a beta of 0.55.
Hedge Funds Weigh In On FREYR Battery
FREYR Battery Company Profile
FREYR Battery engages in the production and sale of battery cells for stationary energy storage, electric mobility, and marine applications in Europe and internationally. The company designs and manufactures lithium-ion based battery cell facilities. The company was founded in 2018 and is based in Luxembourg.
- Get a free copy of the StockNews.com research report on FREYR Battery (FREY)
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