On September 19, 2023, a significant player in the financial market has shown a strong belief in the potential of Freedom Holding (NASDAQ: FRHC), a well-established financial services holding company. This confidence is reflected in the discovery of 12 unusual options trades, revealing that 66% of these influential traders are bullish, while 33% hold a bearish sentiment. Among these unique options, 7 are puts, amounting to a value of $271,490, and 5 are calls, totaling $692,973.
Based on the analysis of the volume and open interest of these contracts, the price target for Freedom Holding is estimated to fall within the range of $50.0 to $90.0 over the past three months. Presently, the mean open interest for options trades related to Freedom Holding stands at 103.43, with a total volume of 1,554.00.
Let’s take a closer look at some of the notable options trades that have been identified:
1. FRHC CALL TRADE BULLISH 10/20/23 $50.00 $271.2K 0 0
2. FRHC CALL TRADE BULLISH 10/20/23 $60.00 $249.0K 61 100
3. FRHC CALL S
To gather more information about Freedom Holding’s stock and option chain, you can explore the following sources:
– Nasdaq’s option chain for Freedom Holding Corp. Common Stock (FRHC)
– Nasdaq’s option chain Greeks for Freedom Holding Corp. Common Stock (FRHC)
– MarketWatch’s stock price and stock quote for Freedom Holding Corp.
Stay informed and make well-informed decisions by utilizing these resources to gain a comprehensive understanding of Freedom Holding’s market performance.
Freedom Holding Corp.
FRHC
Strong Buy
Updated on: 19/09/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
FRHC Stock: Interesting Trading Day, Positive Earnings Growth, and Revenue Growth
FRHC stock had an interesting trading day on September 19, 2023. The stock opened at $84.91 and fluctuated between $83.71 and $86.23. The trading volume for the day was 24,572 shares. The market capitalization of FRHC stood at $5.2 billion. FRHC experienced positive earnings growth of 7.47% in the previous year. The company achieved a remarkable revenue growth rate of 38.91% in the last year. The price-to-earnings (P/E) ratio for FRHC is 26.5. The price-to-sales ratio is 5.29 and the price-to-book ratio is 6.70. There is no competitor data available for FRHC. The last reporting date for FRHC was on August 10, 2022. The company’s earnings per share forecast for the current quarter is $0.85. In the previous year, FRHC reported annual revenue of $808.4 million and a profit of $231.3 million, resulting in a net profit margin of 23.84%. Overall, FRHC had a mixed trading day and investors should consider these factors before making investment decisions.
Freedom Holding Corp (FRHC) Stock Performance: Analysts Predict Decrease and Consensus Rating Suggests Sell
On September 19, 2023, Freedom Holding Corp’s (FRHC) stock performance was not particularly favorable, as indicated by analysts’ price forecasts and the consensus rating. According to data sourced from CNN Money, one analyst offering a 12-month price forecast for FRHC has a median target of $76.00, with both the high and low estimates also at $76.00. This median estimate represents a -11.49% decrease from the last recorded price of $85.87. The consensus among one polled investment analyst is to sell stock in Freedom Holding Corp. This rating has remained steady since July, when it was downgraded from a buy rating. Looking at the company’s recent financial performance, the current quarter’s earnings per share (EPS) stood at $0.85, with sales totaling $136.6 million. These figures were reported on August 10. However, it is important to note that the stock performance is not solely influenced by financial results, but also by market sentiment, investor perception, and other external factors. Overall, based on the information provided, it appears that FRHC’s stock performance on September 19, 2023, was not favorable. Investors should carefully consider these factors before making any investment decisions regarding Freedom Holding Corp.
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