Freedom Holding Corp. (NASDAQ:FRHC) shares traded 2.29% higher at $100.57 on Wall Street last session.
In accordance with the data, 1 analysts cover Freedom Holding Corp. (NASDAQ:FRHC). 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 $98.32, this indicates a potential downside of -22.7 percent. FRHC stock price is now 21.85% away from the 50-day moving average and 37.63% away from the 200-day moving average. The market capitalization of the company currently stands at $5.87B.
Brokers who have rated the stock have averaged $76.00 as their price target over the next twelve months.
In other news, Tukanov Renat, CHIEF TECHNOLOGY OFFICER sold 3,000 shares of the company’s stock on Mar 09. The stock was sold for $216,300 at an average price of $72.10. Upon completion of the transaction, the CHIEF TECHNOLOGY OFFICER now directly owns 12,006 shares in the company, valued at $1.21 million. Insiders disposed of 3,000 shares of company stock worth roughly $0.3 million over the past 1 year. A total of 71.57% 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 D. E. SHAW & CO., INC. during the first quarter worth $879,000. LAZARD ASSET MANAGEMENT LLC invested $811,000 in shares of FRHC during the first quarter. In the first quarter, MARSHALL WACE, LLP acquired a new stake in Freedom Holding Corp. valued at approximately $777,000. JANE STREET GROUP, LLC acquired a new stake in FRHC for approximately $483,000. TEACHER RETIREMENT SYSTEM OF TEXAS purchased a new stake in FRHC valued at around $414,000 in the second quarter. In total, there are 82 active investors with 1.00% ownership of the company’s stock.
Freedom Holding Corp. (NASDAQ: FRHC) opened at $98.49 on Friday. During the past 12 months, Freedom Holding Corp. has had a low of $47.64 and a high of $102.40. As of last week, the company has a debt-to-equity ratio of 2.03, a current ratio of 0.60, and a quick ratio of 0.60. The fifty day moving average price for FRHC is $82.95 and a two-hundred day moving average price translates $73.28 for the stock.
The latest earnings results from Freedom Holding Corp. (NASDAQ: FRHC) was released for Mar, 2023. 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 -$1.69 EPS in the same period last year. The net profit margin was 27.70% and return on equity was 33.10% for FRHC. The company reported revenue of $228.88 million for the quarter, compared to $92.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 146.4 percent. For the current quarter, analysts expect FRHC to generate $650.4M 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. It offers retail 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 business and digital auto loans, as well as Freedom Box, a package of payment acquiring services. The company 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, 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. Further, the company offers proprietary trading and investment services, as well as insurance products; and Tradernet software platform for client margin risk evaluation and middle office security transfer requests. It operates in Central Asia, Eastern Europe, rest of Europe, the United States, Russia, the Middle East, and 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.
