In a filing, FREYR Battery Inc revealed its Chief Financial Officer Calio Joseph Evan acquired Company’s shares for reported $0.25 million on Nov 08 ’24. In the deal valued at $1.91 per share,130,600 shares were bought. As a result of this transaction, Calio Joseph Evan now holds 130,600 shares worth roughly $0.32 million.
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Morgan Stanley downgraded its FREYR Battery Inc [FREY] rating to an Equal-weight from a an Overweight in a research note published on November 14, 2023; the price target was decreased to $2 from $13. A number of analysts have revised their coverage, including BTIG Research’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Neutral”. TD Cowen also remained covering FREY and has decreased its forecast on October 25, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. Goldman revised its rating on July 18, 2023. It rated FREY as “a Neutral” which previously was an “a Buy”.
Price Performance Review of FREY
On Friday, FREYR Battery Inc [NYSE:FREY] saw its stock fall -3.16% to $2.45. Over the last five days, the stock has gained 16.67%. FREYR Battery Inc shares have risen nearly 31.02% since the year began. Nevertheless, the stocks have risen 54.09% over the past one year. While a 52-week high of $2.85 was reached on 05/28/24, a 52-week low of $0.91 was recorded on 09/23/24. SMA at 50 days reached $1.33, while 200 days put it at $1.59.
Levels Of Support And Resistance For FREY Stock
The 24-hour chart illustrates a support level at 2.36, which if violated will result in even more drops to 2.28. On the upside, there is a resistance level at 2.58. A further resistance level may holdings at 2.72. The Relative Strength Index (RSI) on the 14-day chart is 68.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.65%. Stochastics %K at 87.84% indicates the stock is a selling.
How much short interest is there in FREYR Battery Inc?
A steep rise in short interest was recorded in FREYR Battery Inc stocks on 2024-10-31, dropping by 16897.0 shares to a total of 11.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 11.79 million shares. There was a decline of -0.14%, which implies that there is a negative sentiment for the stock.
