FREYR Battery, Inc. (NYSE:FREY – Get Free Report) was the recipient of some unusual options trading activity on Monday. Investors acquired 7,201 call options on the company. This is an increase of approximately 921% compared to the typical daily volume of 705 call options.
Analyst Ratings Changes
Separately, BTIG Research raised FREYR Battery from a “neutral” rating to a “buy” rating and set a $4.00 target price on the stock in a report on Friday.
Check Out Our Latest Analysis on FREY
Insider Buying and Selling at FREYR Battery
Hedge Funds Weigh In On FREYR Battery
Several institutional investors and hedge funds have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of FREYR Battery by 45.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,026,774 shares of the company’s stock worth $996,000 after purchasing an additional 320,217 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of FREYR Battery in the 2nd quarter valued at approximately $676,000. BNP Paribas Financial Markets lifted its holdings in shares of FREYR Battery by 182.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 55,575 shares of the company’s stock worth $54,000 after acquiring an additional 35,928 shares during the period. SG Americas Securities LLC acquired a new stake in shares of FREYR Battery during the 2nd quarter worth approximately $38,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in FREYR Battery in the second quarter valued at approximately $218,000. 52.31% of the stock is currently owned by institutional investors and hedge funds.
FREYR Battery Stock Up 20.4 %
Shares of FREY traded up $0.44 during trading hours on Monday, hitting $2.60. The company had a trading volume of 4,564,600 shares, compared to its average volume of 2,109,231. The firm has a market cap of $365.27 million, a price-to-earnings ratio of -3.42 and a beta of 1.03. The business has a fifty day moving average of $1.68 and a 200-day moving average of $1.50. FREYR Battery has a 12 month low of $0.91 and a 12 month high of $2.85.
FREYR Battery (NYSE:FREY – Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.02). During the same quarter in the prior year, the business earned ($0.07) earnings per share.
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.
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