In the last trading session, 35.21 million shares of the Grab Holdings Limited (NASDAQ:GRAB) were traded, and its beta was 0.83. Most recently the company’s share price was $3.70, and it changed around $0.01 or 0.27% from the last close, which brings the market valuation of the company to $14.66B. GRAB currently trades at a discount to its 52-week high of $3.88, offering almost -4.86% off that amount. The share price’s 52-week low was $2.90, which indicates that the current value has risen by an impressive 21.62% since then. We note from Grab Holdings Limited’s average daily trading volume that its 10-day average is 31.95 million shares, with the 3-month average coming to 23.10 million.
Grab Holdings Limited stock received a consensus recommendation rating of Buy, based on a mean score of 1.41. If we narrow it down even further, the data shows that 0 out of 24 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 1 recommended GRAB as a Hold, whereas 17 deemed it a Buy, and 0 rated it as Underweight. Grab Holdings Limited is expected to report earnings per share of 0.0 for the current quarter.
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Grab Holdings Limited (NASDAQ:GRAB) trade information
Instantly GRAB has showed a green trend with a performance of 0.27% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.80 on recent trading dayincreased the stock’s daily price by 2.63%. The company’s shares are currently up 9.79% year-to-date, but still down -2.37% over the last five days. On the other hand, Grab Holdings Limited (NASDAQ:GRAB) is 10.45% up in the 30-day period. We can see from the shorts that 51.9 million shares have been sold at a short interest cover period of 2.22 day(s).
The consensus price target as assigned by Wall Street analysts is $5, which translates to bulls needing to increase their stock price by 26.0% 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 risen 12.46 percent over the past six months and at a 63.64% annual growth rate that is well above the industry average of 17.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 100.00% in revenue this quarter, and will report a decrease of -200.00% in the next quarter. The year-over-year growth rate is expected to be 16.30%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 691.03M in revenue for the current quarter. 7 analysts expect Grab Holdings Limited to make 720.09M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 615M and 653M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 12.40%. Forecasts for the next quarter put sales growth at 10.30%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 42.25%.
GRAB Dividends
Grab Holdings Limited’s next quarterly earnings report is expected to be released in November.
MORGAN STANLEY, with 5.042% or 198.42 million shares worth $704.39 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
