Grab Holdings Limited (NASDAQ: GRAB) Is Becoming An Interest-Losing Stock With A -2.62% Decline

In the last trading session, 53.97 million Grab Holdings Limited (NASDAQ:GRAB) shares changed hands as the company’s beta touched 0.94. With the company’s per share price at $3.34 changed hands at -$0.09 or -2.62% during last session, the market valuation stood at $12.89B. GRAB’s last price was a discount, traded about -17.37% off its 52-week high of $3.92. The share price had its 52-week low at $2.65, which suggests the last value was 20.66% up since then. When we look at Grab Holdings Limited’s average trading volume, we note the 10-day average is 16.3 million shares, with the 3-month average coming to 2.89.

Grab Holdings Limited (NASDAQ:GRAB) trade information

Instantly GRAB was in red as seen at the end of in last trading. With action 4.05%, the performance over the past five days has been green. The drop to weekly highs of 3.45 subtracted -2.62% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.89%, with the 5-day performance at 4.05% in the green. However, in the 30-day time frame, Grab Holdings Limited (NASDAQ:GRAB) is 2.77% up. Looking at the short shares, we see there were 71.12 million shares sold at short interest cover period of 4.34 days.

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Grab Holdings Limited (GRAB) estimates and forecasts

Data shows that the Grab Holdings Limited share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -4.57% over the past 6 months, a 70.45% in annual growth rate that is considerably higher than the industry average of 8.60%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Grab Holdings Limited will rise 90.00%, while the growth in revenue is estimated to hit 83.30% for the next quarter. Year-over-year growth is forecast to reach 63.70% up from the last financial year.

Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of $628.98 million. 4 analysts are of the opinion that Grab Holdings Limited’s revenue for the quarter ending Mar 2024 will be $624.61 million. The company’s revenue for the corresponding quarters a year ago was $502 million and $525 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 25.30%. The estimates for the next quarter sales put growth at 19.00%.

The 2024 estimates are for Grab Holdings Limited earnings to increase by 68.25%.

GRAB Dividends

Grab Holdings Limited is expected to release its next quarterly earnings report on February 22.

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

If we look at who the major shareholders are, we find that insiders hold 27.09% of Grab Holdings Limited shares while 55.73% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 76.44%. There are 55.73% institutions holding the Grab Holdings Limited stock share, with SB Investment Advisers (UK) LTD the top institutional holder. As of Jun 29, 2023, the company held 18.98% of the shares, roughly 709.27 million GRAB shares worth $2.43 billion.

Morgan Stanley holds the second largest percentage of outstanding shares, with 7.72% or 288.42 million shares worth $989.28 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Europacific Growth Fund and New World Fund, Inc.. With 70.87 million shares estimated at $243.08 million under it, the former controlled 1.90% of total outstanding shares. On the other hand, New World Fund, Inc. held about 1.39% of the shares, roughly 52.03 million shares worth around $199.29 million.

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