FREYR Battery and Trevena Surpass Estimates, SoFi Technologies Downgraded, PlayAGS Upgraded
- May 15th, 2023
- 216 views
FREYR Battery (NYSE: FREY) has announced its first quarter 2023 financial results, reporting a loss of $0.09 per share. This result surpasses the consensus estimate of a loss of $0.29 per share. Despite the loss, the company's pre-market trading reflects a positive trend, with $FREY trading at $7.65, displaying an increase of $0.28 or 3.80%.
Trevena, Inc. (Nasdaq: TRVN) also reported a Q1 loss, with a figure of $0.81 per share, better than the consensus estimate of a loss of $0.98 per share. The company's pre-market trading reflects a favorable response, with $TRVN trading at $1.45, showing an increase of $0.10 or 7.41%.
On the other hand, SoFi Technologies, Inc. (Nasdaq: SOFI) has been downgraded to Underperform from Neutral, with a price target lowered to $2.50 from $5 at Wedbush. This news may have contributed to the decline in the company's pre-market stock price, which is currently priced at $4.67, indicating a decrease of $0.35 or 6.97%.
Meanwhile, PlayAGS, Inc. (NYSE: AGS) has been upgraded to Buy from Hold, with a price target raised to $10 from $7 at Jefferies. As of pre-market trading, $AGS is currently priced at $5.79, indicating an increase of $0.49 or 9.25%.
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