FREYR Battery (NYSE:FREY) saw a downside of -4.81% to close Tuesday at $9.90 after subtracting -$0.5 on the day. The 5-day average trading volume is 2,234,900 shares of the company’s common stock. It has gained $11.16 in the past week and touched a new high 1 time within the past 5 days. An average of 2,513,885 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,942,306.
FREY’s 1-month performance is 4.32% or $0.96 on its low of $8.04 reached on 12/28/22. The company’s shares have touched a 52-week low of $6.42 and high of $16.94, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, FREY has achieved 14.06% or $1.22 and has reached a new high 9 times. However, the current price is down -41.56% from the 52-week high price.
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Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 2.81.
FREYR Battery’s quick ratio for the period ended June 29 was 9.30, with the current ratio over the same period at 9.30. The firm’s gross profit as reported stood at $3000.0 against revenue of $75.57 million.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 51.6% to -$93.85 million, while revenue of $4.67 million was 104.98% off the previous quarter. Analysts expected FREY to announce -$0.26 per share in earnings in its latest quarter, but it posted $0.04, representing a 115.40% surprise. EBITDA for the quarter stood at more than -$28.93 million. FREY stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 151.8 million, with total debt at $13.07 million. Shareholders hold equity totaling $116.7 million.
Let’s look briefly at FREYR Battery (FREY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 48.53% to suggest the stock is trending Neutral, with historical volatility in this time period at 72.84%.
The stock’s 5-day moving average is $10.16, reflecting a -6.60% or -$0.70 change from its current price. FREY is currently trading +9.15% above its 20-day SMA, -27.90% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -20.23% and SMA200 by-17.57%.
Stochastic %K and %D was 64.29% and 64.66% and the average true range (ATR) pointed at 0.57. The RSI (14) points at 47.19%, while the 14-day stochastic is at 54.36% with the period’s ATR at 0.60. The stock’s 9-day MACD Oscillator is pointing at -0.12 and 0.27 on the 14-day charts.
In the most recent analyst report for FREYR Battery (NYSE: FREY), Cowen launched coverage with an Outperform rating.