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

FREYR Battery (NYSE:FREY) is expected to issue its quarterly earnings data before the market opens on Monday, March 17th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

FREYR Battery Trading Up 9.4 %

FREY stock opened at $1.52 on Friday. The firm has a market capitalization of $213.54 million, a PE ratio of -2.00 and a beta of 0.94. FREYR Battery has a 1-year low of $0.91 and a 1-year high of $3.36. The business’s 50 day simple moving average is $1.92 and its 200 day simple moving average is $1.70.

Insider Buying and Selling at FREYR Battery

In other news, CFO Joseph Evan Calio acquired 50,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were purchased at an average cost of $1.57 per share, with a total value of $78,500.00. Following the acquisition, the chief financial officer now directly owns 680,462 shares in the company, valued at $1,068,325.34. This represents a 7.93 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Tore Ivar Slettemoen sold 391,071 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $1.88, for a total value of $735,213.48. Following the completion of the transaction, the director now directly owns 5,080,446 shares in the company, valued at approximately $9,551,238.48. This represents a 7.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 20.40% of the company’s stock.

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.