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FREYR Battery Inc’s Banking’s 100-Day Moving Average at 1.3959: Will the Stock Break Through?

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The market performance of FREYR Battery Inc has been somewhat unstable. Over the past year, the company’s stock achieved a high of $2.85 on 05/28/24, with the lowest value for the same timeframe being $0.91, recorded on 09/23/24.

52-week price history of FREY Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. FREYR Battery Inc’s current trading price is -44.91% away from its 52-week high, while its distance from the 52-week low is 72.45%. The stock’s price range during this period has fluctuated between $0.91 and $2.85. Shares of the company, which operates in the Industrials sector, recorded a trading volume of around 1.51 million for the day, which was evidently lower than the average daily volume of 3.21 million over the last three months.

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Financial Performance and Market Capitalization

FREYR Battery Inc (FREY) has experienced a quarterly rise of 45.37% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 227.21M and boasts a workforce of 263 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.3959, with a change in price of -0.1900. Similarly, FREYR Battery Inc recorded 2,490,695 in trading volume during the last 100 days, posting a change of -10.80%.

FREY Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for FREY stands at 0.04. Similarly, the long-term debt-to-equity ratio is also 0.03.

FREY Stock Stochastic Average

FREYR Battery Inc’s raw stochastic average for the past 50 days is currently at 36.88%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 1.36%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 7.47% and 7.74%, respectively.

FREY Stock Price Performance Analysis

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a loss of -16.04%.However, over the last six months, we can see a stronger performance of -9.25%. Over the last 30 days, the price of FREY has leaped by -31.74%. And in the last five days, it has fallen by -12.78%.

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