Freedom Holding Corp (NASDAQ: FRHC) is 62.32% higher on its value in year-to-date trading and has touched a low of $64.00 and a high of $134.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FRHC stock was last observed hovering at around $128.92 in the last trading session, with the day’s gains setting it 1.91%.
Currently trading at $130.83, the stock is 3.69% and 11.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.11 million and changing 1.48% at the moment leaves the stock 46.20% off its SMA200. FRHC registered 64.71% gain for a year compared to 6-month gain of 67.58%. The firm has a 50-day simple moving average (SMA 50) of $116.3316 and a 200-day simple moving average (SMA200) of $89.202.
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The stock witnessed a 11.37% loss in the last 1 month and extending the period to 3 months gives it a 35.79%, and is -0.27% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.26% over the week and 2.79% over the month.
Freedom Holding Corp (FRHC) has around 2090 employees, a market worth around $8.05B and $1.89B in sales. Current P/E ratio is 23.05. Profit margin for the company is 18.06%. Distance from 52-week low is 104.42% and -2.37% from its 52-week high. The company has generated returns on investments over the last 12 months (21.80%).
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Freedom Holding Corp (FRHC) Top Institutional Holders
94.0 institutions hold shares in Freedom Holding Corp (FRHC), with institutional investors hold 3.49% of the company’s shares. The shares outstanding are 60.56M, and float is at 17.52M with Short Float at 2.01%. Institutions hold 1.01% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 65370.0 shares valued at $4.93 million. The investor’s holdings represent 0.1086% of the FRHC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 57477.0 shares valued at $4.33 million to account for 0.0955 of the shares outstanding. The other top investors are GEODE CAPITAL MANAGEMENT, LLC which holds 52527.0 shares representing 0.0873% and valued at over $3.96 million, while SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 0.0681 of the shares totaling 41000.0 with a market value of $3.09 million.
Freedom Holding Corp (FRHC) Insider Activity
The most recent transaction is an insider sale by Akhmetov Kairat Bakibayevich, the company’s see below*. SEC filings show that Akhmetov Kairat Bakibayevich sold 5,500 shares of the company’s common stock on Dec 02 ’24 at a price of $120.44 per share for a total of $0.66 million. Following the sale, the insider now owns 0.13 million shares.
Freedom Holding Corp disclosed in a document filed with the SEC on Nov 29 ’24 that Akhmetov Kairat Bakibayevich (see below*) sold a total of 600 shares of the company’s common stock. The trade occurred on Nov 29 ’24 and was made at $119.80 per share for $71880.0. Following the transaction, the insider now directly holds 0.14 million shares of the FRHC stock.
Still, SEC filings show that on Dec 02 ’24, Akhmetov Kairat Bakibayevich (Chairman, Freedom Telecom Oper) Proposed Sale 5,500 shares at an average price of $120.44 for $0.66 million. The insider now directly holds shares of Freedom Holding Corp (FRHC).
