FREYR Battery (FREY) Expected to Announce Quarterly Earnings on Friday

FREYR Battery (NYSE:FREY) is expected to announce its earnings results before the market opens on Friday, February 28th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter.

FREYR Battery Price Performance

Shares of FREY opened at $1.61 on Thursday. FREYR Battery has a one year low of $0.91 and a one year high of $3.36. The firm has a market capitalization of $225.49 million, a P/E ratio of -2.11 and a beta of 0.94. The business has a fifty day moving average of $2.21 and a 200 day moving average of $1.68.

Insider Activity at FREYR Battery

In related news, Director Tore Ivar Slettemoen sold 228,600 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $1.73, for a total value of $395,478.00. Following the transaction, the director now directly owns 7,351,846 shares in the company, valued at approximately $12,718,693.58. This represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Joseph Evan Calio purchased 50,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were purchased at an average price of $1.57 per share, for a total transaction of $78,500.00. Following the completion of the purchase, the chief financial officer now directly owns 680,462 shares of the company’s stock, valued at $1,068,325.34. This represents a 7.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 804,292 shares of company stock worth $1,439,009 in the last 90 days. Corporate insiders own 20.40% of the company’s stock.

Analyst Ratings Changes

Separately, BTIG Research raised FREYR Battery from a “neutral” rating to a “buy” rating and set a $4.00 price objective for the company in a research note on Friday, December 20th.

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.