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FREYR Battery (FREY) Gains But Lags Market: What You Should Know
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In the latest trading session, FREYR Battery (FREY - Free Report) closed at $13.02, marking a +0.77% move from the previous day. This change lagged the S&P 500's 2.46% gain on the day. Meanwhile, the Dow gained 2.59%, and the Nasdaq, a tech-heavy index, lost 0.23%.
Coming into today, shares of the company had lost 5.76% in the past month. In that same time, the Oils-Energy sector gained 20.08%, while the S&P 500 gained 4.56%.
Investors will be hoping for strength from FREYR Battery as it approaches its next earnings release. The company is expected to report EPS of -$0.27, up 35.71% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for FREYR Battery. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. FREYR Battery is holding a Zacks Rank of #3 (Hold) right now.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 60, putting it in the top 24% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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FREYR Battery (FREY) Gains But Lags Market: What You Should Know
In the latest trading session, FREYR Battery (FREY - Free Report) closed at $13.02, marking a +0.77% move from the previous day. This change lagged the S&P 500's 2.46% gain on the day. Meanwhile, the Dow gained 2.59%, and the Nasdaq, a tech-heavy index, lost 0.23%.
Coming into today, shares of the company had lost 5.76% in the past month. In that same time, the Oils-Energy sector gained 20.08%, while the S&P 500 gained 4.56%.
Investors will be hoping for strength from FREYR Battery as it approaches its next earnings release. The company is expected to report EPS of -$0.27, up 35.71% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for FREYR Battery. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. FREYR Battery is holding a Zacks Rank of #3 (Hold) right now.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 60, putting it in the top 24% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.