Banking

Freedom Holding Stock Earns A Spot On IBD 50, Nears Buy Point

Freedom Holding Corp (FRHC) is forming a base showing a 61.87. Earning a spot on the IBD 50, it’s among the stock market’s leading growth stocks.

The stock has nearly tripled its value in the past 12 months.  The current formation is a second-stage consolidation with a Relative Strength Rating of 94. Wait for the stock to clear its consolidation on heavy volume. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. For more analysis on Freedom Holdings, check out “IBD 50 Stocks To Watch: How A Little-Known Kazakhstan Firm Landed On The Premier Growth List“.

 




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Top and bottom line growth moved higher last quarter. Earnings were up 929%, compared to 167% in the prior report. Revenue increased from 111% to 239%.

Analysts expect EPS growth to be flat for the quarter, and increasing 0% for the full year.

Freedom Holding Corp has a 99 Composite Rating and holds the No. 1 rank among its peers in the Finance-Investment Banking/Brokers industry group. Freedom Holding Corp (FRHC) and Futu Holdings Cl A Ads (FUTU) are also among the group’s highest-rated stocks.

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