AXQ Capital LP Takes Position in FREYR Battery, Inc. (NYSE:FREY)

AXQ Capital LP purchased a new position in shares of FREYR Battery, Inc. (NYSE:FREY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,338 shares of the company’s stock, valued at approximately $47,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Truist Financial Corp acquired a new stake in shares of FREYR Battery during the fourth quarter valued at about $26,000. Cibc World Markets Corp acquired a new stake in FREYR Battery during the 4th quarter valued at approximately $27,000. SBI Securities Co. Ltd. purchased a new stake in FREYR Battery during the 4th quarter worth approximately $28,000. DRW Securities LLC acquired a new position in shares of FREYR Battery in the 3rd quarter valued at approximately $29,000. Finally, Raymond James Financial Inc. purchased a new position in shares of FREYR Battery during the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 52.31% of the company’s stock.

Analyst Ratings Changes

Separately, BTIG Research upgraded shares of FREYR Battery from a “neutral” rating to a “buy” rating and set a $4.00 price target for the company in a research note on Friday, December 20th.

FREYR Battery Stock Performance

Shares of FREYR Battery stock opened at $1.49 on Tuesday. FREYR Battery, Inc. has a 1 year low of $0.91 and a 1 year high of $3.36. The firm’s 50-day simple moving average is $1.80 and its 200-day simple moving average is $1.72. The firm has a market cap of $209.33 million, a PE ratio of -1.96 and a beta of 0.94.

FREYR Battery 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.