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 listening to the company’s conference call can do so using this link.

FREYR Battery Trading Up 1.4 %

Shares of FREY stock opened at $1.40 on Monday. FREYR Battery has a 1-year low of $0.91 and a 1-year high of $3.36. The company has a market capitalization of $196.69 million, a price-to-earnings ratio of -1.84 and a beta of 0.94. The stock’s fifty day simple moving average is $2.05 and its 200-day simple moving average is $1.69.

Wall Street Analyst Weigh In

Separately, BTIG Research upgraded FREYR Battery from a “neutral” rating to a “buy” rating and set a $4.00 price target on the stock in a report on Friday, December 20th.

Insider Buying and Selling at FREYR Battery

In other news, CFO Joseph Evan Calio bought 50,000 shares of the 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 trade represents a 7.93 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tore Ivar Slettemoen sold 391,071 shares of the business’s stock in a transaction dated 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 owns 5,080,446 shares in the company, valued at $9,551,238.48. This trade represents a 7.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 804,292 shares of company stock worth $1,439,009 over the last 90 days. 20.40% of the stock is currently owned by corporate insiders.

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.