As of August 25, 2023, the trading history of Freedom Holding reveals a noteworthy trend. Over the past three months, significant investors, commonly known as “whales,” have been strategically targeting a price range for the stock, ranging from $50.0 to $110.0. This indicates a deliberate effort to influence the stock’s value within this specific range.
Today, the mean open interest for Freedom Holding options trades stands at 274.62, accompanied by a total volume of 803.00. This suggests a considerable level of activity and interest in options trading related to Freedom Holding.
Among the various options traded, both calls and puts have been observed, reflecting bullish, bearish, and neutral sentiments. This diversity of options indicates a range of perspectives and strategies employed by investors in relation to Freedom Holding.
At the time of writing, the price of FRHC has experienced a 1.65% increase, reaching $94.5. The trading volume for the stock stands at 236,981, indicating a substantial level of market participation.
However, it is crucial to take into consideration recent allegations made by Hindenburg Research. They have revealed a short position on Freedom Holding, accusing the company of engaging in blatant sanctions evasion. These allegations have the potential to significantly impact the stock’s performance and investor sentiment.
Given this development, it is advised that investors exercise caution and conduct thorough research before making any investment decisions related to Freedom Holding. It is important to gather all available information and evaluate the credibility of the allegations to make informed choices in the market.
Freedom Holding Corp.
FRHC
Strong Buy
Updated on: 05/12/2023
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 Performance: Positive Day on August 25, 2023 with Promising Growth and Favorable Financial Ratios
FRHC Stock Performance on August 25, 2023
On August 25, 2023, FRHC stock experienced a relatively positive day in the market. The stock opened at $93.36, slightly higher than the previous day’s closing price of $93.18. Throughout the day, the stock’s price fluctuated within a range of $93.36 to $96.04. The trading volume for the day was 20,249 shares, which is significantly lower than the average volume of 220,587 shares over the past three months.
FRHC, with a market capitalization of $5.2 billion, operates in the finance sector, specifically in the investment banks/brokers industry. The company has shown promising growth in recent times, with a 38.91% increase in revenue last year. Additionally, its earnings growth for the same period was a positive 7.47%.
The company’s financial ratios provide further insight into its performance. FRHC has a price-to-earnings (P/E) ratio of 29.2, indicating that investors are willing to pay 29.2 times the company’s earnings per share (EPS) for its stock. The price/sales ratio stands at 5.29. Furthermore, the price/book ratio is 6.71.
While FRHC’s financial performance looks promising, it is important to note that there is no available data on its competitors. This makes it challenging to assess the company’s performance relative to its industry peers.
The last reporting date for FRHC was on August 10, 2022. At that time, the company had an annual revenue of $808.4 million and a net profit of $231.3 million, resulting in a net profit margin of 23.84%. Looking ahead, there is no information provided regarding earnings growth for the current year or the next five years.
Analysts’ expectations for the current quarter indicate an estimated EPS of $0.85. This forecast suggests that FRHC is expected to perform well in the near term.
In conclusion, FRHC stock showed positive performance on August 25, 2023, with an opening price slightly higher than the previous day’s close. The stock traded within a range throughout the day, and the trading volume was relatively low. FRHC’s financial ratios indicate a favorable market perception, with a high P/E ratio and positive revenue growth. However, the lack of available data on competitors makes it difficult to assess the company’s performance within its industry. Investors will need to closely monitor FRHC’s future financial reports to gain a more comprehensive understanding of its performance and growth prospects.
Freedom Holding Corp (FRHC) Stock Analysis: Analysts Predict Decline and Recommend Selling
On August 25, 2023, Freedom Holding Corp (FRHC) had a median target price of $76.00, according to data from CNN Money. The high and low estimates were also $76.00, indicating a consensus among analysts.
The median estimate represented a -19.58% decrease from the last price of $94.50.
Furthermore, the current consensus among the one polled investment analyst was 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, Freedom Holding Corp reported earnings per share of $0.85 for the current quarter. The sales for the quarter were $136.6 million. These figures were reported on August 10, 2023.
Overall, based on the information provided, it appears that analysts have a negative outlook on FRHC stock. The median target price suggests a decline in value, and the consensus rating is to sell the stock. Investors should carefully consider these factors before making any investment decisions regarding Freedom Holding Corp.
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