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How to Buy Freyr Battery Stock

Freyr Battery Inc

Alussa Energy Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.

Freyr Battery stock last closed at $1.65, up 9.27% from the previous day, and has decreased 77.15% in one year. It has underperformed other stocks in the Electrical Equipment & Parts industry by 1.09 percentage points. Freyr Battery stock is currently +36.36% from its 52-week low of $1.21, and -83.66% from its 52-week high of $10.10.

At the moment, there are 139.71M FREY shares outstanding. The market capitalization of FREY is $230.51M. In the past 24 hours, 1.53M FREY shares were traded.

How to Buy Freyr Battery Stock

Wondering how to invest in Freyr Battery stock? Here's how.
  1. Choose where to buy Freyr Battery stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you choose where to buy Freyr Battery stock.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit money your brokerage account: Select your method of payment and add your information.
  4. Evaluate Freyr Battery stock: The Freyr Battery ticker symbol is FREY. Is Freyr Battery stock a good investment? Should you buy shares of FREY? How do FREY's underlying business fundamentals look? Do top analysts think Freyr Battery is a good buy? Why has FREY's stock price moved recently? (Hint: Our stock research tools can help you understand if FREY is a good stock to buy).
  5. Make your FREY purchase: Decide if you will purchase FREY shares at the current market price or use a limit order to purchase FREY stock at a given price.
  6. Get key alerts regarding your FREY position: Create a watchlist to important updates regarding your new investment in Freyr Battery shares.

Step 1: Choose where to buy Freyr Battery stock

You will need an online brokerage account to access the NYSE market and buy FREY shares.

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Step 2: Create your brokerage account

Now that you've selected the best brokerage, the next step is to fill out some personal info so you are able to invest in FREY today.

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Step 3: Deposit money your brokerage account

Now that you've filled out your info on the best stock investing app, you can securely and quickly fund your account:

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Step 4: Evaluate Freyr Battery stock

After you have figured out the best place to buy Freyr Battery stock, it's absolutely critical to research their stock prior to investing, so you truly wrap your head around the risk as well as the opportunity.

Freyr Battery Numbers

FREY Price
$1.65
1w %
6.45%
1y %
-77.15%
5y %
N/A
P/E
-3.24x
P/B
0.36x
P/S
N/A
PEG
N/A
Revenue
$0.00
Earnings
-$71.95M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$230.51M
Next Earnings
May 13, 2024
Next Dividend
N/A

Fundamentals of Freyr Battery

WallStreetZen was designed to help average investors do better fundamental analysis.

You can see all of the due diligence checks on FREY's stock page.

Is FREY stock undervalued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge FREY's true value.

Using relative valuations ratios:

  • FREY could be undervalued based on its P/B ratio of 0.36x, relative to Electrical Equipment & Parts industry P/B ratio of 4.18x

You can access additional valuation analysis on FREY's stock here.

How do FREY Financials look?

Positive Health Checks:

  • FREY has cash burn of 272252000. It has sufficient cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than short-term liabilities on the FREY balance sheet.
  • FREY has a low debt to equity ratio of 0.15.
  • There are more short-term assets than long-term liabilities on the FREY balance sheet.

Negative Health Checks:

  • FREY has $275.74M in cash and short term investments. This is not enough to cover its annual cash burn of $272.25M.

Is it a good time to buy FREY stock, according to Wall Street analysts?

Out of 2 Wall Street analysts who research FREY, the consensus analyst rating on FREY is a Sell

Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.

You can dig deeper into what analysts are projecting on the Freyr Battery stock forecast page.

FREY Momentum

SMA10
1.52
SMA20
1.57
SMA50
1.55
SMA100
1.75
SMA200
4.13
MACD
-0.02
MACD Signal
-0.03
MACD Histogram
0.01
RSI
53.76
Stochastic %K
43.33
Stochastic %D
39.56
StochRSI %K
66.05
StochRSI %D
59.16

What are FREY executives and large shareholders up to?

Over the last 12 months, insiders at FREY have not bought or sold any shares.

Get more info about who owns FREY shares here.

Does FREY provide a stable income stream?

No, Freyr Battery doesn't provide an income stream by paying out dividends.

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Step 5: Make your FREY purchase

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are generally sufficient.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to be certain you're buying or selling at a given dollar amount limit, place a limit order.

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Step 6: Get key alerts regarding your FREY position

Now that you own some shares in FREY, you'll want to stay up-to-date on your new investment.

Make a watchlist to see the latest developments about your FREY stock.

FREY Feed

How to Buy Stock in Freyr Battery

To reiterate, here are the 6 steps to buy stock in Freyr Battery:

  1. Choose where to buy Freyr Battery stock
  2. Create your brokerage account
  3. Deposit money your brokerage account
  4. Evaluate Freyr Battery stock
  5. Make your FREY purchase
  6. Get key alerts regarding your FREY position

If you require a brokerage account, eToro is our recommended option.

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If you would like to get the latest scoop on your investment in Freyr Battery, create your watchlist below.

NYSE: FREY
$1.65+0.14 (+9.27%)
Updated Mar 27, 2024
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NYSE: FREY
$1.65+0.14 (+9.27%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Freyr Battery share?

As of Mar 27, 2024, it costs $1.65 to buy one share of Freyr Battery stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.83, you can buy 0.5 shares of FREY.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Freyr Battery stock?

According to 2 Wall Street analysts who monitor Freyr Battery, their consensus recommendation is to sell Freyr Battery stock.

What is the best way to buy Freyr Battery stock?

One way to place an order for Freyr Battery stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.