Freedom (NASDAQ:FRHC) Shares Gap Down - What's Next?

Key Points

• Shares of Freedom gapped down before the open, trading as low as $151.55 after a $157.27 close and last at about $152.50 on light volume (~6,165 shares).
• Wall Street sentiment is negative with a consensus Sell rating and a consensus price target of $138 (Loop Capital $138; Weiss Ratings "sell (d+)" while Wall Street Zen recently moved to "hold").
• The company shows modest fundamentals—market cap ~$9.14B, quarterly EPS $1.25 but very low profitability (net margin 0.13%, ROE 0.21%)—with 50/200-day moving averages of ~$131/$139 and only about 1.26% institutional ownership.

Freedom Holding Corp. (NASDAQ:FRHC - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $157.27, but opened at $151.55. Freedom shares last traded at $152.5010, with a volume of 6,165 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Loop Capital set a $138.00 price target on shares of Freedom in a research report on Thursday, February 26th. Weiss Ratings restated a "sell (d+)" rating on shares of Freedom in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded Freedom from a "sell" rating to a "hold" rating in a research note on Saturday, January 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of "Sell" and a consensus price target of $138.00.

Freedom Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $9.14 billion, a P/E ratio of 7,467.20 and a beta of 0.73. The business has a 50 day moving average of $131.16 and a 200-day moving average of $138.82.

Freedom (NASDAQ:FRHC - Get Free Report) last released its quarterly earnings data on Monday, February 9th. The company reported $1.25 earnings per share (EPS) for the quarter. Freedom had a return on equity of 0.21% and a net margin of 0.13%.The company had revenue of $500.71 million for the quarter.

Hedge Funds Weigh In On Freedom

A number of institutional investors have recently added to or reduced their stakes in the business. State Street Corp increased its stake in Freedom by 2.3% in the 4th quarter. State Street Corp now owns 213,325 shares of the company's stock worth $25,957,000 after acquiring an additional 4,871 shares during the last quarter. First Trust Advisors LP increased its stake in Freedom by 11.5% in the 4th quarter. First Trust Advisors LP now owns 204,723 shares of the company's stock worth $24,911,000 after acquiring an additional 21,191 shares during the last quarter. Geode Capital Management LLC increased its stake in Freedom by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 167,720 shares of the company's stock worth $20,405,000 after acquiring an additional 950 shares during the last quarter. Millennium Management LLC increased its stake in Freedom by 648.1% in the 1st quarter. Millennium Management LLC now owns 121,942 shares of the company's stock worth $16,117,000 after acquiring an additional 105,641 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Freedom by 188.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 76,068 shares of the company's stock worth $13,094,000 after acquiring an additional 49,712 shares during the last quarter. 1.26% of the stock is currently owned by institutional investors.

About Freedom

Freedom Holding Corp NASDAQ: FRHC is a diversified financial services holding company that provides a broad range of brokerage, trading, investment banking, and asset management services. Through its subsidiaries, the company caters to retail, institutional, and corporate clients by offering access to global capital markets, equity and fixed-income trading, and research-driven investment strategies.

The firm's product suite includes online and over-the-counter brokerage platforms, margin lending, securities underwriting, and M&A advisory services.

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