FREYR Battery (NYSE:FREY) Stock Price Up 2.4% – Still a Buy?

FREYR Battery, Inc. (NYSE:FREY) shares traded up 2.4% during trading on Thursday . The stock traded as high as $3.03 and last traded at $2.93. 3,866,189 shares changed hands during trading, an increase of 52% from the average session volume of 2,541,737 shares. The stock had previously closed at $2.86.

FREYR Battery Price Performance

The firm’s fifty day moving average price is $1.79 and its 200-day moving average price is $1.45. The company has a market capitalization of $411.64 million, a price-to-earnings ratio of -3.86 and a beta of 0.94.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in FREYR Battery stock. Inscription Capital LLC acquired a new stake in FREYR Battery, Inc. (NYSE:FREY) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,750 shares of the company’s stock, valued at approximately $82,000. Institutional investors and hedge funds own 52.31% of the company’s stock.

FREYR Battery Company Profile

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.