NYSE:FREY

FREYR Battery - FREY Stock Forecast, Price & News

$14.24

+0.53 (+3.87%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $13.68
▼
$14.79
50-Day Range: $8.55
▼
$15.39
52-Week Range: $6.42
▼
$16.57

Volume: 2.77 million shs
Average Volume: 4.50 million shs
Market Capitalization: $1.66 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $21.50

FREYR Battery MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 51.0% Upside
$21.50 Price Target
Short Interest: Bearish
8.04% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.30
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Decreasing
From ($1.03) to ($1.77) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.77 out of 5 stars

Oils/Energy Sector

222nd out of 260 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

22nd out of 24 stocks

3.4

Analyst's Opinion

Consensus Rating
FREYR Battery has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $21.50, FREYR Battery has a forecasted upside of 51.0% from its current price of $14.24.
Amount of Analyst Coverage
FREYR Battery has only been the subject of 3 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
8.04% of the float of FREYR Battery has been sold short.
Short Interest Ratio / Days to Cover
FREYR Battery has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in FREYR Battery has recently increased by 11.06%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
FREYR Battery does not currently pay a dividend.
Dividend Growth
FREYR Battery does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FREY.

2.9

News and Social Media Coverage

News Sentiment
FREYR Battery has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.42 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for FREYR Battery this week, compared to 2 articles on an average week.
Search Interest
45 people have searched for FREY on MarketBeat in the last 30 days. This is an increase of 114% compared to the previous 30 days.
MarketBeat Follows
78 people have added FREYR Battery to their MarketBeat watchlist in the last 30 days. This is an increase of 225% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, FREYR Battery insiders have not sold or bought any company stock.
Percentage Held by Institutions
56.29% of the stock of FREYR Battery is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Earnings Growth
Earnings for FREYR Battery are expected to decrease in the coming year, from ($1.03) to ($1.77) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of FREYR Battery is -15.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of FREYR Battery is -15.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
FREYR Battery has a P/B Ratio of 3.04. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About FREYR Battery (NYSE:FREY) Stock

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.

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FREY Stock News Headlines

October 1, 2022 | marketbeat.com

EV Battery Maker Freyr Set For Major Global Expansion

Clean-tech battery maker Freyr is a success on several levels. It appears poised for gains as the company ramps up to better serve the electric vehicle market.

September 30, 2022 | finance.yahoo.com

FREYR Battery Enters into Agreement with HENT AS to Construct Giga Arctic Battery Production Facility

September 23, 2022 | msn.com

Why Freyr Battery Is Tumbling Today

September 23, 2022 | markets.businessinsider.com

Where FREYR Battery Stands With Analysts

September 23, 2022 | markets.businessinsider.com

FREYR Battery Stock Continues To Surge: Here's Why Morgan Stanley Sees A $60 Bull Case

September 23, 2022 | americanbankingnews.com

FREYR Battery (NYSE:FREY) PT Set at $26.00 by Morgan Stanley

September 23, 2022 | americanbankingnews.com

Investors Buy High Volume of FREYR Battery Call Options (NYSE:FREY)

September 22, 2022 | msn.com

5FREY : FREYR Battery Stock Continues To Surge: Here's Why Morgan...

September 21, 2022 | seekingalpha.com

FREYR Battery - Fully Charged

September 21, 2022 | investing.com

IRA Beneficiary FREYR Battery a Morgan Stanley Top Pick

September 21, 2022 | cnbc.com

Morgan Stanley says this EV battery maker can rally as much as 350%

September 21, 2022 | seekingalpha.com

FREYR Battery jumps to post-SPAC high after Morgan Stanley points to huge upside

September 21, 2022 | barrons.com

A Tesla Bull Has a New Top Pick. It’s a Battery Start-Up With 300% Upside.

September 21, 2022 | msn.com

Stocks making the biggest moves midday: Freyr Battery, Stitch Fix, General Mills, Trupanion and more

September 21, 2022 | msn.com

Why Freyr Battery Is Soaring Today

September 19, 2022 | americanbankingnews.com

FREYR Battery (NYSE:FREY) Short Interest Update

September 15, 2022 | nz.finance.yahoo.com

Institutional investors control 37% of FREYR Battery (NYSE:FREY) and were rewarded last week after stock increased 4.5%

September 15, 2022 | finance.yahoo.com

FREYR Battery Selects Mpac Group to Deliver Cell Manufacturing Equipment for Giga Arctic

September 14, 2022 | seekingalpha.com

FREYR: Growing Ambitions For Rising, Undiscovered Global Battery Player

September 13, 2022 | msn.com

'It's The Dallas Cowboys Of Financials': Says Eagles Fan Cramer About This Stock, So It's Not A Compliment

September 12, 2022 | msn.com

Lightning round: Cramer says buy this auto maker and this battery maker

September 8, 2022 | finance.yahoo.com

FREYR Battery Selects NTE Process as Equipment Supplier

August 31, 2022 | marketwatch.com

FREYR Battery Shares Rise 9% After Expanded Sales Pact and JV With Nidec

August 30, 2022 | benzinga.com

FREYR Battery Stock Is Charging Higher Today: Here's Why

August 30, 2022 | finance.yahoo.com

FREYR Battery Announces the Execution of 38 GWh Li-Ion Battery Binding Cell Sales Agreement and Entry into Module & Pack Joint Venture for Energy Storage Solutions with Nidec Corporation

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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FREY Company Calendar

Last Earnings: 8/08/2022
Today: 10/01/2022
Next Earnings (Estimated): 11/21/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Miscellaneous electrical machinery, equipment, & supplies
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSE:FREY
CUSIP: N/A
CIK: 1844224
Web: www.freyrbattery.com
Phone: 3524661113721
Fax: N/A
Employees: 119
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $21.50
High Stock Price Forecast: $26.00
Low Stock Price Forecast: $16.00
Forecasted Upside/Downside: +51.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.92)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-93,380,000.00
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: -25.47%
Return on Assets: -22.13%

Debt

Debt-to-Equity Ratio: 0.02
Current Ratio: 11.74
Quick Ratio: 11.74

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $4.68 per share
Price / Book: 3.04

Miscellaneous

Outstanding Shares: 116,440,000
Free Float: N/A
Market Cap: $1.66 billion
Optionable: Optionable
Beta: 0.67

Key Executives

Mr. Torstein Dale Sjotveit (Age 67)
Founder & Exec. Chairman
Comp: $290.92k

Mr. Tom-Einar Rysst Jensen (Age 51)
Co-Founder & CEO
Comp: $5.07M

Mr. Jan Arve Haugan (Age 65)
Pres & MD
Comp: $932.4k

Mr. Peter Matrai (Age 49)
Co-Founder & Director
Comp: $4.69M

Mr. Ryuta Kawaguchi (Age 48)
Chief Technology Officer
Comp: $758.11k

Mr. Oscar K. Brown (Age 51)
Group Chief Financial Officer

Ms. Tove Nilsen Ljungquist (Age 56)
Exec. VP of Operations

Mr. Jeffrey David Spittel
VP of Investor Relations

Mr. Are L. Brautaset (Age 51)
Chief Legal Officer

Ms. Katrin Berntsen
VP of Communication & Public Affairs

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FREY Stock - Frequently Asked Questions

Should I buy or sell FREYR Battery stock right now?: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for FREYR Battery in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FREY shares.
View FREY analyst ratings or view top-rated stocks.
What is FREYR Battery's stock price forecast for 2022?: 8 analysts have issued twelve-month price objectives for FREYR Battery's stock. Their FREY share price forecasts range from $16.00 to $26.00. On average, they predict the company's stock price to reach $21.50 in the next year. This suggests a possible upside of 51.0% from the stock's current price.
View analysts price targets for FREY or view top-rated stocks among Wall Street analysts.
How have FREY shares performed in 2022?: FREYR Battery's stock was trading at $11.18 at the beginning of 2022. Since then, FREY stock has increased by 27.4% and is now trading at $14.24.
View the best growth stocks for 2022 here.
Are investors shorting FREYR Battery?: FREYR Battery saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 7,230,000 shares, an increase of 11.1% from the August 31st total of 6,510,000 shares. Based on an average daily volume of 2,280,000 shares, the short-interest ratio is presently 3.2 days. Approximately 8.0% of the shares of the company are sold short.
View FREYR Battery's Short Interest.
When is FREYR Battery's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 21st 2022.
View our FREY earnings forecast.

How were FREYR Battery's earnings last quarter?: FREYR Battery (NYSE:FREY) released its quarterly earnings data on Monday, August, 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.25). During the same quarter in the previous year, the business earned ($0.04) earnings per share.
What is FREYR Battery's stock symbol?: FREYR Battery trades on the New York Stock Exchange (NYSE) under the ticker symbol "FREY."
How do I buy shares of FREYR Battery?: Shares of FREY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is FREYR Battery's stock price today?: One share of FREY stock can currently be purchased for approximately $14.24.
How much money does FREYR Battery make?: FREYR Battery (NYSE:FREY) has a market capitalization of $1.66 billion. The company earns $-93,380,000.00 in net income (profit) each year or ($0.92) on an earnings per share basis.
How many employees does FREYR Battery have?: The company employs 119 workers across the globe.
How can I contact FREYR Battery?: FREYR Battery's mailing address is 412F ROUTE D`ESCH, LUXEMBOURG N4, L-2086. The official website for the company is www.freyrbattery.com. The company can be reached via phone at 3524661113721 or via email at harald.bjorland@freyrbattery.com.

This page (NYSE:FREY) was last updated on 10/1/2022 by MarketBeat.com Staff

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FREYR Battery - FREY Stock Forecast, Price & News

FREYR Battery MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows