The stock of Freedom Holding Corp. (NASDAQ:FRHC) decreased by -$2.44 on Tuesday to finish at $73.27, down -3.22 percent. The last five days have seen an average of 476,000 shares of common stock traded. 19 times new highs were reached in the current year, with a gain of $15.05. The average number of shares traded over the last 20 days was 187,945, while the average volume over the last 50 days totaled 152,730.
FRHC stock dropped -11.37% since last month. On 08/15/23, the company’s shares reached a one-month low of $70.50. The stock touched a high of $84.42 on 06/13/23, after rallying from a low of $47.64 in 52 weeks. The price of FRHC stock has risen by 25.85% or $15.05 this year, reaching a new high 19 times. Still, the stock price is down -13.21% from the 52-week high.
Insider Transactions
FRHC stock investors should be aware that Freedom Holding Corp. (FRHC) stock had its last reported insider trading activity 160 days ago on Mar 09. On Mar 09, CHIEF TECHNOLOGY OFFICER Tukanov Renat sold 3,000 shares at $72.10 each. This transaction resulted in the insider making $216,300.
Valuation Metrics
Freedom Holding Corp. (FRHC) has a trailing price-to-earnings (P/E) ratio of 28.86. Beta for the stock is 1.09. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 7.09, the price-to-book (PB) ratio of 5.52.
Financial Health
As far as profitability goes, gross margin for the trailing twelve months is 80.20% percent. Based on annual data, it had gross profit of $559.75 million and revenue of $795.69 million.
Earnings Surprise
According to Freedom Holding Corp.’s quarterly financial report for the quarter that ended March 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $228.88 million, while revenues rose by 99.03% to $214.55 million. It was predicted that Freedom Holding Corp.’s quarterly earnings would be -$1.6, but it ended up being $1.14, beating the consensus by -240.40%. EBITDA was $148.23 million for the quarter. At the end of Freedom Holding Corp.’s most recent quarter ended March 30, its liabilities totaled 4.31 billion, while its total debt was $1.61 billion. Equity owned by shareholders amounts to $59.66 million.
Technical Picture
Here’s a quick look at Freedom Holding Corp.’s (FRHC) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 21.82%, suggesting the stock is oversold, with a 23.81% historical volatility rate.
The stochastic %K and %D were 13.85% and 8.92% respectively, while the average true range (ATR) was 2.58. Based on the 14-day stochastic reading of 20.82%, the RSI (14) reading is 28.71%. On the 9-day MACD Oscillator, the stock is at -2.45, and the 14-day reading is at -3.21.
Analyst Ratings
Analysts have assigned Freedom Holding Corp. (FRHC) an Sell rating. FRHC is a stock that is recommended for selling by 1 brokerage firm, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is FRHC’s price target for the next 12 months?
The current consensus forecast for the stock is between $76.00 and $76.00, with a median target price of $76.00. In analyzing these forecasts, the average price target given by analysts for Freedom Holding Corp. (FRHC) is $76.00.
