FREYR Battery (FREY) Projected to Post Earnings on Friday

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

FREYR Battery Trading Down 0.8 %

FREY opened at $1.95 on Friday. The stock has a market cap of $273.25 million, a PE ratio of -2.56 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 stock’s 50 day simple moving average is $2.21 and its 200-day simple moving average is $1.67.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at FREYR Battery

In related news, CFO Joseph Evan Calio purchased 125,000 shares of the stock in a transaction on Thursday, December 12th. The shares were purchased at an average cost of $1.74 per share, for a total transaction of $217,500.00. Following the completion of the transaction, the chief financial officer now directly owns 255,600 shares of the company’s stock, valued at approximately $444,744. The trade was a 95.71 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tore Ivar Slettemoen sold 184,621 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1.67, for a total value of $308,317.07. Following the completion of the sale, the director now owns 6,616,105 shares in the company, valued at $11,048,895.35. This trade represents a 2.71 % decrease in their ownership of the stock. 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 three months. Company insiders own 20.40% of the company’s stock.

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.