In yesterday’s Wall Street session, Freedom Holding Corp. (NASDAQ:FRHC) shares traded at $65.21, up 0.08% from the previous session.
1 analysts cover Freedom Holding Corp. (NASDAQ:FRHC), according to research data. The consensus rating among analysts is ‘Sell’. As we calculate the median target price by taking the range between a high of $76.00 and a low of $76.00, we find $76.00. Given the previous closing price of $65.16, this indicates a potential upside of 16.64 percent. FRHC stock price is now 6.80% away from the 50-day moving average and 22.96% away from the 200-day moving average. The market capitalization of the company currently stands at $3.82B.
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Brokers who have rated the stock have averaged $76.00 as their price target over the next twelve months.
A total of 71.58% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FRHC stock. A new stake in Freedom Holding Corp. shares was purchased by SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC during the first quarter worth $1,477,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP invested $386,000 in shares of FRHC during the first quarter. In the first quarter, JANE STREET GROUP, LLC acquired a new stake in Freedom Holding Corp. valued at approximately $364,000. VIRTUS INVESTMENT ADVISERS, INC. acquired a new stake in FRHC for approximately $277,000. ENSIGN PEAK ADVISORS, INC purchased a new stake in FRHC valued at around $72,000 in the second quarter. In total, there are 68 active investors with 1.00% ownership of the company’s stock.
On Thursday morning Freedom Holding Corp. (NASDAQ: FRHC) stock kicked off with the opening price of $65.46. During the past 12 months, Freedom Holding Corp. has had a low of $38.17 and a high of $66.69. As of last week, the company has a debt-to-equity ratio of 1.66, a current ratio of 0.80, and a quick ratio of 0.80. The fifty day moving average price for FRHC is $61.06 and a two-hundred day moving average price translates $53.03 for the stock.
The latest earnings results from Freedom Holding Corp. (NASDAQ: FRHC) was released for Jun, 2022. According to the Capital Markets Company, earnings per share came in at -$1.6, missing analysts’ expectations of $1.14 by -2.74. This compares to -$0.04 EPS in the same period last year. The company reported revenue of $180.31 million for the quarter, compared to $317.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -43.21 percent. For the current quarter, analysts expect FRHC to generate $179.66M in revenue.
Freedom Holding Corp.(FRHC) Company Profile
Freedom Holding Corp., through its subsidiaries, provides retail securities brokerage, research, investment counseling, securities trading, market making, retail banking, corporate investment banking, and underwriting services. The company offers investment brokerage services for exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange traded options and futures contracts, government bonds, and mutual funds; margin lending services collateralized by securities and cash in the customer’s account; various investment education and training courses; investment research services; and commercial banking services, including payment cards, digital mortgages, and digital auto loans, as well as insurance products. It also provides capital raising solutions for corporate clients through initial public offerings and follow-on offerings; and debt capital markets solutions that focuses on structuring and distributing private and public debt for various purposes, including buyouts, acquisitions, growth capital financings, and recapitalizations. In addition, the company is involved in trading, investment, and brokerage activities. Further, it facilitates repurchase and reverse repurchase agreements in proprietary trading activities; and covers short positions and settle other securities obligations to accommodate customers’ needs and finance its inventory positions. Additionally, the company offers Tradernet software platform for client margin risk evaluation and middle office security transfer requests. It operates in Central Asia, Europe, the United States, Russia, and the Middle East/Caucasus. The company was formerly known as BMB Munai, Inc. and changed its name to Freedom Holding Corp. Freedom Holding Corp. was incorporated in 1981 and is headquartered in Almaty, Kazakhstan.
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