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Grab Holdings Limited (NASDAQ:GRAB), Stock Drops -78.53% Far This Year; What Analysts Say Next?

In last trading session, Grab Holdings Limited (NASDAQ:GRAB) saw 10.03 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $2.95 trading at $0.04 or 1.37% at ring of the bell on the day assigns it a market valuation of $11.40B. That closing price of GRAB’s stock is at a discount of -395.59% from its 52-week high price of $14.62 and is indicating a premium of 25.76% from its 52-week low price of $2.19. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 23.98 million shares which gives us an average trading volume of 20.16 million if we extend that period to 3-months.

For Grab Holdings Limited (GRAB), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 23 analysts covering the stock, 2 rated the stock as a Sell while 2 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 13 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.12 in the current quarter.

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Grab Holdings Limited (NASDAQ:GRAB) trade information

Upright in the green during last session for gaining 1.37%, in the last five days GRAB remained trading in the red while hitting it’s week-highest on Thursday, 11/17/22 when the stock touched $2.95 price level, adding 10.88% to its value on the day. Grab Holdings Limited’s shares saw a change of -58.63% in year-to-date performance and have moved -6.35% in past 5-day. Grab Holdings Limited (NASDAQ:GRAB) showed a performance of 22.92% in past 30-days. Number of shares sold short was 93.35 million shares which calculate 4.9 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $4.09 to the stock, which implies a rise of 27.87% to its current value. Analysts have been projecting $2.50 as a low price target for the stock while placing it at a high target of $6.00. It follows that stock’s current price would drop -103.39% in reaching the projected high whereas dropping to the targeted low would mean a gain of 15.25% for stock’s current value.

Grab Holdings Limited (GRAB) estimates and forecasts

This year revenue growth is estimated to rise 235.50% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $343.84 million for the same. And 1 analysts are in estimates of company making revenue of $360.68 million in the next quarter that will end on Dec 2022.

GRAB Dividends

Grab Holdings Limited is more likely to be releasing its next quarterly report on September 13 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Grab Holdings Limited (NASDAQ:GRAB)’s Major holders

Insiders are in possession of 27.92% of company’s total shares while institution are holding 47.62 percent of that, with stock having share float percentage of 66.06%. Investors also watch the number of corporate investors in a company very closely, which is 47.62% institutions for Grab Holdings Limited that are currently holding shares of the company. SB Investment Advisers (UK) LTD is the top institutional holder at GRAB for having 699.18 million shares of worth $1.77 billion. And as of Jun 29, 2022, it was holding 18.85% of the company’s outstanding shares.

The second largest institutional holder is Morgan Stanley, which was holding about 331.94 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 8.95% of outstanding shares, having a total worth of $839.81 million.

On the other hand, Europacific Growth Fund and New World Fund, Inc. are the top two Mutual Funds which own company’s shares. As of Sep 29, 2022, the former fund manager was holding 68.21 million shares of worth $179.38 million or 1.84% of the total outstanding shares. The later fund manager was in possession of 43.38 million shares on Sep 29, 2022, making its stake of worth around $114.1 million in the company or a holder of 1.17% of company’s stock.

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