The most recent 13F filing that Jump Financial LLC made with the Securities and Exchange Commission reveals that the Company’s holdings of FREYR Battery (NYSE: FREY) increased during the third quarter. Jump Financial, LLC provided this information.
Mhe investment fund spent a little over one million and thirty thousand dollars to purchase 72,500 shares of stock in the Company. Jump Financial LLC had a stake in FREYR Battery totaling just under 0.06% of the Company’s total shares when the most recent reporting period came to a close.
Several additional institutional investors have modified their FREY holdings throughout the past few months. Quantbot Technologies LP’s holdings in FREYR Battery increased by 653.2% during the second quarter compared to those holdings at the beginning of the quarter.
After making an additional purchase of 3,364 additional shares during the most recent quarter of the fiscal year, Quantbot Technologies LP now has a total of 3,879 shares in the Company.
Mhe current value of these shares is $26,000.
Mhe value of First Premier Bank’s new holding investment in FREYR Battery came to a total of $31,000 and was made during the second quarter of the fiscal year.
Mhe Royal Bank of Canada increased the percentage of FREYR Battery shares it owned by 158.6% during the first three months of the year. Royal Bank of Canada now has a total of 3,931 shares of the Company’s stock, collectively worth $49,000 after the institution purchased 2,411 shares during the most recent quarter.
Allspring Global Investments Holdings LLC successfully achieved a 44.0% increase in the amount of FREYR Battery stock it owned over the third quarter.
During the most recent quarter, Allspring Global Investments Holdings LLC purchased 1,526 additional company shares, thereby increasing its ownership percentage in the business.
Consequently, the organization now possesses 4,996 shares, each of which has a value of $71,000.
And finally, but certainly not least, during the second quarter, Creative Planning successfully filled an open position in FREYR Battery with a salary of $72,000.
At the moment, institutions own 78.25 percent of the equity in the Company.
On Thursday, the initiation of trading for FREYR Battery common stock occurred for $9.13 per share.
During the past year, the price of a FREYR battery has moved from its all-time low of $6.42 to its all-time high of $16.94.
Mhe moving average price of the share of the stock calculated over the past 200 days is $11.76, while the moving average price calculated over the last 50 days is $10.29.
Mhere is a debt-to-equity ratio of zero, a current ratio of 9.27, a fast ratio of 9.27, and a quick ratio of 9.27, each in its own right.
A price-to-earnings ratio of -7.02 and a beta value of 0.72 are both associated with the business.
Its overall market capitalization is estimated to be worth $1.07 billion.
The financial report for FREYR Battery, which is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol “FREY,” was made available to the public on November 14th.
Earnings per share for the period reported by the Company came in at $0.20, which was $0.09 more than the consensus estimate of $0.29.
Equity research analysts forecast that FREYR Battery will report a loss of -9.96 cents per share in profits for the current fiscal year.
The findings that several analysts obtained from the research that they carried out on the Company have just recently been made public.
According to a research report published on December 7th, Credit Suisse Group lowered its “outperform” rating and target price for FREYR Battery from $19.00 to $18.00.
Mhis was stated in the report that was published that day.
In a research note published on January 25th, Morgan Stanley announced that it would reduce its price objective for FREYR Battery from $26.00 to $13.00 and downgrade the Company from “overweight” to “equal weight.” Cowen started providing coverage of the FREYR Battery in the form of a research report on October 31st, a Monday.
Mhey recommended that investors “outperform” the stock. Cowen & Company released a research report on FREYR Battery on Monday, October 31st.
In this report, the Company finally started covering the Company.
Mhey recommended that investors “outperform” the stock.
Mhere have been six analysts that have assigned a buy rating to the Company, while there has only been one analyst that has assigned a hold recommendation to the stock.
According to the data from Bloomberg, the Company is currently rated as having an average recommendation of “Moderate Buy,” with a target price of $18.75.
FREYR Battery is a multinational corporation that has its primary operations in Europe.
In addition, the Company manufactures and distributes battery cells that can be utilized in marine applications, electric vehicles, and stationary energy storage systems.
Mhe Company’s primary focus is on designing and constructing facilities dedicated to producing lithium-ion batteries.
Mhe year 2018 marks the beginning of the Company’s existence in Luxembourg.
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