FRHC Stock Summary and Trading Ideas (Freedom Holding Corp. | NASDAQ:FRHC)

Freedom Holding Corp is engaged in a broad range of activities in the securities industry, including retail securities brokerage, research, investment counseling, securities trading, market making, corporate investment banking, and underwriting services in Eurasia. It acts as a professional participant through its subsidiaries on the Kazakhstan Stock Exchange (KASE), Moscow Exchange (MOEX), Saint-Petersburg Exchange (SPB), the Ukrainian Exchange, the Uzbek Republican Currency Exchange (UZCE), and the Republican Stock Exchange of Tashkent (UZSE). Its geographical segments are Central Asia, Europe, the United States, and the Middle East/Caucasus, of which Europe accounts for the majority of its revenue.

Freedom Holding Corp. trades on the NASDAQ stock market under the symbol FRHC.

As of May 10, 2024, FRHC stock price declined to $69.18 with 19,837 million shares trading.

FRHC has a beta of 0.49, meaning it tends to be less sensitive to market movements. FRHC has a correlation of 0.04 to the broad based SPY ETF.

FRHC has a market cap of $4.13 billion. This is considered a Mid Cap stock.

In the last 3 years, FRHC stock traded as high as $102.40 and as low as $38.17.

The top ETF exchange traded funds that FRHC belongs to (by Net Assets): VFH, ONEQ, VT, BBMC, PRFZ.

FRHC has underperformed the market in the last year with a price return of -15.2% while the SPY ETF gained +27.8%. FRHC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -16.0% and +1.0%, respectively, while the SPY returned +4.2% and +2.5%, respectively.

FRHC support price is $67.76 and resistance is $70.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FRHC stock will trade within this expected range on the day.