In a notable performance, Freedom Holding Corp (FRHC) stock has reached a 52-week high, touching $99.89 in recent trading. This peak reflects a significant uptrend for the company, which has seen its stock value increase by 17.55% over the past year. Investors have shown growing confidence in Freedom Holding Corp's financial health and market position, contributing to the stock's impressive climb to this new high. The 52-week high serves as a testament to the company's resilience and potential for growth in a competitive industry.
InvestingPro Insights
Freedom Holding Corp's (FRHC) recent achievement of a 52-week high is further supported by data from InvestingPro. The stock's strong performance is evident in its 22.13% price return over the last three months and an impressive 46.04% return over the past six months. These figures align with the InvestingPro Tip that FRHC is "Trading near 52-week high," currently at 98.08% of its 52-week peak.
The company's financial health appears robust, with a revenue of $1.16 billion in the last twelve months as of Q1 2023, representing a substantial 90.07% growth. This growth is complemented by a healthy gross profit margin of 82.21%, indicating efficient operations and strong pricing power.
Another InvestingPro Tip highlights that FRHC is "Trading at a low P/E ratio relative to near-term earnings growth." With a P/E ratio of 17.01 and a PEG ratio of 0.29, the stock may be undervalued considering its growth prospects. This could explain the increasing investor confidence mentioned in the article.
For readers interested in a more comprehensive analysis, InvestingPro offers 7 additional tips for FRHC, providing deeper insights into the company's financial position and market performance.
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