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

FREYR Battery, Inc. (NYSE:FREY - Get Free Report) shares shot up 2.4% during trading on Thursday . The company traded as high as $3.03 and last traded at $2.93. 3,866,189 shares changed hands during mid-day trading, an increase of 52% from the average session volume of 2,541,737 shares. The stock had previously closed at $2.86.Get FREYR Battery alerts:FREYR Battery Trading Up 2.4%The Hottest Markets to Watch After the Fed’s 25 Bps Rate CutThe stock has a market cap of $411.64 million, a price-to-earnings ratio of -3.86 and a beta of 0.94. The company has a 50 day simple moving average of $1.79 and a 200-day simple moving average of $1.45. Institutional Investors Weigh In On FREYR BatteryAn institutional investor recently bought a new position in FREYR Battery stock. Inscription Capital LLC purchased a new stake in FREYR Battery, Inc. (NYSE:FREY - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 48,750 shares of the company's stock, valued at approximately $82,000. 52.31% of the stock is currently owned by institutional investors and hedge funds. FREYR Battery Company Profile (Get Free Report)MarketBeat Week in Review – 8/19 - 8/23FREYR 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.Featured ArticlesFive stocks we like better than FREYR BatteryWhat Are Growth Stocks and Investing in Them Why Amazon’s Prime Day May Be the Catalyst for a Year-End RallyWhere Do I Find 52-Week Highs and Lows?Let the Good Times Roll: 2 Stocks Showing No Signs of Slowing3 Defense Stocks Set to Benefit From Increased Military SpendingCafé Culture Revival? 3 Stocks to Watch After Chick-fil-A’s MoveThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Microvast vs. FREYR: Which Battery Stock Holds the Power?Should You Invest $1,000 in FREYR Battery Right Now?Before you consider FREYR Battery, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FREYR Battery wasn't on the list.While FREYR Battery currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here