In today’s recent session, 3.73 million shares of the Grab Holdings Limited (NASDAQ:GRAB) have been traded, and its beta is 0.80. Most recently the company’s share price was $3.19, and it changed around $0.02 or 0.63% from the last close, which brings the market valuation of the company to $12.61B. GRAB at last check was trading at a discount to its 52-week high of $3.88, offering almost -21.63% off that amount. The share price’s 52-week low was $2.90, which indicates that the recent value has risen by an impressive 9.09% since then. We note from Grab Holdings Limited’s average daily trading volume that its 10-day average is 18.18 million shares, with the 3-month average coming to 19.42 million.
Grab Holdings Limited (NASDAQ:GRAB) trade information
Instantly GRAB has been showing a green trend so far today with a performance of 0.63% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.31 on recent trading dayincreased the stock’s daily price by 3.63%. The company’s shares are currently down -5.34% year-to-date, but still down -3.33% over the last five days. On the other hand, Grab Holdings Limited (NASDAQ:GRAB) is -10.89% down in the 30-day period. We can see from the shorts that 56.81 million shares have been sold at a short interest cover period of 3.88 day(s).
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The consensus price target as assigned by Wall Street analysts is $5, which translates to bulls needing to increase their stock price by 36.2% from its current value. Analyst projections state that GRAB is forecast to be at a low of $4.2 and a high of $13.
Grab Holdings Limited (GRAB) estimates and forecasts
Grab Holdings Limited share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -1.85 percent over the past six months and at a 72.73% annual growth rate that is well above the industry average of 13.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 66.70% in revenue this quarter, and will report an increase of 100.00% in the next quarter. The year-over-year growth rate is expected to be 17.50%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 673.24M in revenue for the current quarter. 5 analysts expect Grab Holdings Limited to make 698.08M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 567M and 615M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 18.70%. Forecasts for the next quarter put sales growth at 13.50%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 42.25%.
Grab Holdings Limited (NASDAQ:GRAB)’s Major holders
MORGAN STANLEY, with 5.3688% or 209.1 million shares worth $656.58 million as of 2024-03-31, holds the second largest percentage of outstanding shares.
