FREYR Battery (NYSE:FREY - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Monday, March 3rd. Analysts expect the company to announce earnings of ($0.18) per share for the quarter.
FREYR Battery Trading Down 2.9 %
Shares of FREYR Battery stock traded down $0.05 during midday trading on Friday, reaching $1.53. The company had a trading volume of 1,465,205 shares, compared to its average volume of 2,022,031. The company has a market capitalization of $214.25 million, a price-to-earnings ratio of -2.01 and a beta of 0.94. The stock has a fifty day simple moving average of $2.19 and a 200 day simple moving average of $1.68. FREYR Battery has a 1-year low of $0.91 and a 1-year high of $3.36.
Wall Street Analysts Forecast Growth
Separately, BTIG Research raised shares of FREYR Battery from a "neutral" rating to a "buy" rating and set a $4.00 target price for the company in a report on Friday, December 20th.
Read Our Latest Stock Report on FREYR Battery
Insiders Place Their Bets
In other news, CFO Joseph Evan Calio purchased 125,000 shares of FREYR Battery stock in a transaction dated Thursday, December 12th. The shares were bought at an average cost of $1.74 per share, with a total value of $217,500.00. Following the completion of the transaction, the chief financial officer now directly owns 255,600 shares in the company, valued at $444,744. This trade represents a 95.71 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tore Ivar Slettemoen sold 391,071 shares of FREYR Battery stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $1.88, for a total transaction of $735,213.48. Following the transaction, the director now directly owns 5,080,446 shares in the company, valued at approximately $9,551,238.48. This represents a 7.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 804,292 shares of company stock valued at $1,439,009. Company insiders own 20.40% of the company's stock.
FREYR Battery Company Profile
(
Get Free Report)
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.
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