On June 29, Forbes Quant Trader, an investment system, issued a buy signal for Freedom Holding Corp (FRHC) stock. The core reasons include sharp short term and long term rise in profit and sales, good stock price performance, and low price to earnings ratio.
Forbes Quant Trader (FQT) is an investment system that combines methods of quantitative and fundamental analysis; its efficiency has been tested for over 15 years. Each month, FQT offers three to four investment recommendations based on a proprietary algorithm.
The accuracy of the signal to buy FRHC shares is at 73.10%, with a period of six months and an expected end on December 28, 2021. The average return might reach 22.10%, with the average annual growth projected at 44.20%. Freedom Holding Corp market cap is $3.81B.
Note: Sidoti & Company, an independent research agency, projected FRHC target price at $76 a month ago.
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