FREYR Battery (FREY) to Release Quarterly Earnings on Monday

FREYR Battery (NYSE:FREY) will likely be announcing its earnings results before the market opens on Monday, March 17th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

FREYR Battery Stock Performance

FREY opened at $1.40 on Monday. FREYR Battery has a 52-week low of $0.91 and a 52-week high of $3.36. The company has a market cap of $196.69 million, a PE ratio of -1.84 and a beta of 0.94. The stock has a 50-day moving average of $2.05 and a 200-day moving average of $1.69.

Insider Buying and Selling at FREYR Battery

In other FREYR Battery news, Director Tore Ivar Slettemoen sold 391,071 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $1.88, for a total value of $735,213.48. Following the sale, the director now owns 5,080,446 shares of the company’s stock, valued at $9,551,238.48. This trade represents a 7.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Joseph Evan Calio bought 50,000 shares of the stock in a transaction on Monday, December 16th. The stock was acquired at an average cost of $1.57 per share, for a total transaction of $78,500.00. Following the acquisition, the chief financial officer now directly owns 680,462 shares in the company, valued at approximately $1,068,325.34. The trade was a 7.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 804,292 shares of company stock valued at $1,439,009 in the last 90 days. 20.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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, 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.