Analyzing Freedom Holding Corp. (FRHC) By Technical Indicators

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As of Wednesday close, Freedom Holding Corp.’s (NASDAQ:FRHC) stock was up $2.09, moving up 3.49 percent to $61.94. The average number of shares traded per day over the past five days has been 168,080 shares. 4 times new highs have been achieved over the past 5 days, with a $2.96 gain in that time frame. In the last twenty days, the average volume was 173,005, while in the previous 50 days, it was 122,634.

Since last month, FRHC stock rose 8.86%. Shares of the company fell to $52.79 on 11/03/22, the lowest level in the past month. A 52-week high of $70.51 was reached on 01/05/22 after having rallying from a 52-week low of $38.17. Since the beginning of this year, FRHC’s stock price has dropped by -10.66% or -$7.39, and marked a new high 3 times. However, the stock has declined by -12.15% since its 52-week high.


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Valuation Metrics

Right now, Freedom Holding Corp. (FRHC) has a P/E ratio of about 73.91. The stock’s beta is 1.07. Besides these, the trailing price-to-sales (P/S) ratio of 7.09, the price-to-book (PB) ratio of 5.77.

Financial Health

In the three months ended March 30, Freedom Holding Corp.’s quick ratio stood at 0.80, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.08, and the total debt-to-equity ratio was 1.66. On the profitability front, the trailing twelve-month gross margin is 82.50% percent. Based on annual data, FRHC earned $327.77 million in gross profit and brought in $564.66 million in revenue.

In Freedom Holding Corp.’s quarter-end financial report for March 30, it reported total debt of $51.8 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. FRHC’s revenue fell -73.49% to $226.61 million during the quarter, while net income inched up to $180.31 million. While analysts expected Freedom Holding Corp. to report $1.14 quarterly earnings, the actual figure was -$1.6 per share, beating the consensus estimate by -240.40%. During the quarter, the company generated $103.1 million in EBITDA. The liabilities of Freedom Holding Corp. were 4.16 billion at the end of its most recent quarter ended March 30, and its total debt was $1.17 billion. The value of shareholders’ equity is $59.54 million.

Technical Picture

This quick technical analysis looks at Freedom Holding Corp.’s (FRHC) price momentum. With a historical volatility rate of 42.63%, the RSI 9-day stood at 68.89% on 23 November.

With respect to its five-day moving average, the current Freedom Holding Corp. price is up by +5.02% percent or $2.96. At present, FRHC shares trade +11.22% above its 20-day simple moving average and +37.71% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.61% above its SMA50 and -3.40% below its SMA200.

Stochastic coefficient K was 80.55% and Stochastic coefficient D was 74.19%, while ATR was 2.04. Given the Stochastic reading of 96.43% for the 14-day period, the RSI (14) reading has been calculated as 65.51%. As of today, the MACD Oscillator reading stands at 0.46, while the 14-day reading stands at 1.17.

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