FREYR Battery (FREY) Expected to Announce Quarterly Earnings on Monday

FREYR Battery (NYSE:FREY - Get Free Report) is expected to be announcing its earnings results before the market opens on Monday, March 17th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

FREYR Battery Stock Performance

Shares of NYSE FREY traded up $0.05 during trading on Thursday, hitting $1.51. 964,328 shares of the company were exchanged, compared to its average volume of 2,242,201. FREYR Battery has a 12-month low of $0.91 and a 12-month high of $3.36. The firm has a market capitalization of $212.14 million, a PE ratio of -1.99 and a beta of 0.94. The company has a fifty day moving average price of $1.97 and a 200-day moving average price of $1.69.

Analyst Upgrades and Downgrades

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

Insider Activity at FREYR Battery

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

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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.