18,338 Shares in FREYR Battery, Inc. (NYSE:FREY) Acquired by AXQ Capital LP

AXQ Capital LP purchased a new stake in FREYR Battery, Inc. (NYSE:FREY) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 18,338 shares of the company’s stock, valued at approximately $47,000.

Other institutional investors also recently made changes to their positions in the company. Truist Financial Corp purchased a new position in shares of FREYR Battery in the 4th quarter worth $26,000. Cibc World Markets Corp purchased a new position in shares of FREYR Battery in the 4th quarter worth about $27,000. SBI Securities Co. Ltd. acquired a new position in shares of FREYR Battery in the 4th quarter valued at about $28,000. Raymond James Financial Inc. purchased a new stake in shares of FREYR Battery during the 4th quarter worth about $36,000. Finally, FSM Wealth Advisors LLC acquired a new stake in FREYR Battery during the 4th quarter worth approximately $51,000. 52.31% of the stock is owned by hedge funds and other institutional investors.

FREYR Battery Trading Down 5.1 %

Shares of NYSE FREY opened at $1.49 on Tuesday. The stock has a fifty day moving average price of $1.80 and a 200 day moving average price of $1.72. FREYR Battery, Inc. has a 12-month low of $0.91 and a 12-month high of $3.36. The company has a market cap of $209.33 million, a P/E ratio of -1.96 and a beta of 0.94.

Analysts Set New Price Targets

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

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.