Grab Holdings Limited (NASDAQ:GRAB)’s traded shares stood at 4.84 million during the latest session, with the company’s beta value hitting 0.83.The GRAB share’s 52-week high remains $3.88, putting it -4.86% down since that peak but still an impressive 21.62% since price per share fell to its 52-week low of $2.90. The company has a valuation of $14.66B, with an average of 30.93 million shares in intraday trading volume over the past 10 days and average of 22.98 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Grab Holdings Limited (GRAB), translating to a mean rating of 1.41. Of 7 analyst(s) looking at the stock, 1 analyst(s) give GRAB a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.0.
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Grab Holdings Limited (NASDAQ:GRAB) trade information
The 5-day price performance for the stock is -3.89%, and 10.78% over 30 days. With these gigs, the year-to-date price performance is 9.80%. Short interest in Grab Holdings Limited (NASDAQ:GRAB) saw shorts transact 51.9 million shares and set a 2.22 days time to cover.
The extremes give us $4.2 and $13 for target low and target high price respectively. As such, GRAB has been trading -251.35% off suggested target high and -13.51% from its likely low.
Grab Holdings Limited (GRAB) estimates and forecasts
Looking at statistics comparing Grab Holdings Limited share performance against respective industry, we note that the company has outperformed competitors. Grab Holdings Limited (GRAB) shares are 14.20% up over the last 6 months, with its year-to-date growth rate higher than industry average at 90.91% against 18.10%. Revenue is forecast to grow 100.00% this quarter before falling -200.00% for the next one. The rating firms project that company’s revenue will grow 16.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is 691.03M. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 720.09M.Earnings reports from the last fiscal year show that sales brought in 615M and 653M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 12.40% before jumping 10.30% in the following quarter.
GRAB Dividends
Grab Holdings Limited has its next earnings report out on 2024-Aug-15. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Grab Holdings Limited (NASDAQ:GRAB)’s Major holders
The next major institution holding the largest number of shares is MORGAN STANLEY with 198.42 million shares, or about 5.042% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $704.39 million.
We also have Artisan Developing World Fund and Europacific Growth Fund as the top two Mutual Funds with the largest holdings of the Grab Holdings Limited (GRAB) shares. Going by data provided on Jun 30, 2024, Artisan Developing World Fund holds roughly 32.09 shares. This is just over 0.82% of the total shares, with a market valuation of $118.88 million. Data from the same date shows that the other fund manager holds a little less at 23.85, or 0.61% of the shares, all valued at about 88.36 million.
