FREYR Battery (FREY) Projected to Post Quarterly Earnings on Friday

FREYR Battery (NYSE:FREY - Get Free Report) is expected to be announcing its earnings results before the market opens on Friday, February 28th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter.

FREYR Battery Stock Down 9.0 %

NYSE FREY traded down $0.18 during trading on Friday, hitting $1.77. The company's stock had a trading volume of 1,914,889 shares, compared to its average volume of 2,095,206. FREYR Battery has a 52 week low of $0.91 and a 52 week high of $3.36. The firm has a market cap of $247.96 million, a P/E ratio of -2.32 and a beta of 0.94. The firm has a 50 day moving average price of $2.21 and a 200 day moving average price of $1.67.

Insider Activity at FREYR Battery

In other FREYR Battery news, CFO Joseph Evan Calio bought 50,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average price of $1.57 per share, with a total value of $78,500.00. Following the completion of the purchase, the chief financial officer now directly owns 680,462 shares in the company, valued at $1,068,325.34. The trade was a 7.93 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Tore Ivar Slettemoen sold 391,071 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $1.88, for a total transaction of $735,213.48. Following the completion of the transaction, the director now directly owns 5,080,446 shares of the company's stock, valued at $9,551,238.48. This trade represents a 7.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 804,292 shares of company stock worth $1,439,009. Company insiders own 20.40% of the company's stock.

Wall Street Analyst Weigh In

Separately, BTIG Research upgraded shares of FREYR Battery from a "neutral" rating to a "buy" rating and set a $4.00 target price for the company in a research note on Friday, December 20th.

About FREYR Battery

FREYR Battery, Inc provides battery solutions in the United States, Norway, and internationally. The company develops battery cell manufacturing facilities. It serves its products to energy storage systems and commercial mobility, including marine applications and commercial vehicles markets. The company is headquartered in Luxembourg.