In recent trading session, Grab Holdings Limited (NASDAQ:GRAB) saw 41.88 million shares changing hands at last check today with its beta currently measuring 0.80. Company’s recent per share price level of $3.17 trading at -$0.2 or -6.05% at last check today assigns it a market valuation of $12.52B. That most recent trading price of GRAB’s stock is at a discount of -22.4% from its 52-week high price of $3.88 and is indicating a premium of 8.52% from its 52-week low price of $2.90. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 22.24 million shares which gives us an average trading volume of 19.72 million if we extend that period to 3-months.
For Grab Holdings Limited (GRAB), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.42. Splitting up the data highlights that, out of 7 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.01 in the current quarter.
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Grab Holdings Limited (NASDAQ:GRAB) trade information
Upright in the red during last session for losing -6.05%, in the last five days GRAB remained trading in the red while hitting it’s week-highest on Wednesday, 08/14/24 when the stock touched $3.17 price level, adding 7.85% to its value on the day. Grab Holdings Limited’s shares saw a change of -6.05% in year-to-date performance and have moved -1.98% in past 5-day. Grab Holdings Limited (NASDAQ:GRAB) showed a performance of -9.28% in past 30-days. Number of shares sold short was 53.29 million shares which calculate 3.4 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 5 to the stock, which implies a rise of 36.6% to its recent value today. Analysts have been projecting 4.2 as a low price target for the stock while placing it at a high target of 13. It follows that stock’s current price would drop -32.49% in reaching the projected high whereas dropping to the targeted low would mean a loss of -32.49% for stock’s current value.
Grab Holdings Limited (GRAB) estimates and forecasts
Statistics highlight that Grab Holdings Limited is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -7.15% of value to its shares in past 6 months, showing an annual growth rate of 72.73% while that of industry is 14.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 17.50% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 673.24M for the same. And 5 analysts are in estimates of company making revenue of 698.08M in the next quarter. Company posted 567M and 615M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 42.25% during past 5 years.
Grab Holdings Limited (NASDAQ:GRAB)’s Major holders
SB INVESTMENT ADVISERS (UK) LTD is the top institutional holder at GRAB for having 419.63 million shares of worth $1.32 billion. And as of 2024-03-31, it was holding 10.7744 of the company’s outstanding shares.
The second largest institutional holder is MORGAN STANLEY, which was holding about 209.1 million shares on 2024-03-31. The number of shares represents firm’s hold over 5.3688 of outstanding shares, having a total worth of $656.58 million.
On the other hand, Artisan Developing World Fund and Europacific Growth Fund are the top two Mutual Funds which own company’s shares. As of Mar 31, 2024, the former fund manager was holding 27.97 shares of worth $87.84 million or 0.71% of the total outstanding shares. The later fund manager was in possession of 23.85 shares on Jun 30, 2024, making its stake of worth around $74.89 million in the company or a holder of 0.61% of company’s stock.
