BlackRock Fund Advisors recently announced the acquisition of new stake in Freedom Holding Corp. (NASDAQ:FRHC). The institutional investor has increased its shareholding in the Financial company by 1.74% to 55689.0 shares with purchase of 951.0 shares. This fresh investment now brings its stake to 0.09% valued currently at $3.51 million. In addition, Geode Capital Management LLC raised its holdings by 648.0 to 49635.0 shares. And Citadel Securities LLC has lifted its position by 158.16% or 20211.0 shares – to 32990.0 shares.
With over 0.35 million Freedom Holding Corp. (FRHC) shares trading Tuesday and a closing price of $63.61 on the day, the dollar volume was approximately $22.52 million. The shares have shown a positive half year performance of 27.86% and its price on 01/10/23 gained nearly 2.10%. Currently, there are 58.66M common shares owned by the public and among those 16.92M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for FRHC have a consensus price objective of $76.00. The analysts have set the share’s price value over the next 12 months at a high of $76.00 and a low of $76.00. But an upside of 16.3% will see the stock hit the forecast high price target while median target price for the stock is $76.00.
Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Freedom Holding Corp. are Vanguard Financials Index Fund, Fidelity Nasdaq Composite Index F, and iShares Tr. – Edge MSCI Min Vol U. Vanguard Financials Index Fund owns 37068.0 shares of the company’s stock, all valued at over $2.34 million. The company bought an additional 8.0 shares recently to bring their total holdings to about 0.06% of the shares outstanding. iShares Tr. – Edge MSCI Min Vol U now owns shares totaling to 0.06% of the shares outstanding.
Shares of Freedom Holding Corp. (NASDAQ: FRHC) opened at $61.1701, down -$1.13 from a prior closing price of $62.30. However, the script later moved the day high at 63.81, up 2.10%. The company’s stock has a 5-day price change of 10.32% and 25.46% over the past three months. FRHC shares are trading 9.26% year to date (YTD), with the 12-month market performance down to -5.89% lower. It has a 12-month low price of $38.17 and touched a high of $69.34 over the same period. FRHC has an average intraday trading volume of 136.16K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.07%, 7.25%, and 20.49% respectively.
Institutional ownership of Freedom Holding Corp. (NASDAQ: FRHC) shares accounts for 1.00% of the company’s 58.66M shares outstanding. Mutual fund holders own 0.59%, while other institutional holders and individual stakeholders account for 0.94% and 0.46% respectively.
It has a market capitalization of $3.67B and a beta (3y monthly) value of 1.13. The stock’s trailing 12-month PE ratio is 75.91, while the earnings-per-share (ttm) stands at $0.84. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.35% over the week and 2.77% over the month.
Analysts forecast that Freedom Holding Corp. (FRHC) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $0.87 a year ago.
Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 1 rated it as a “Sell.”