In last trading session, Grab Holdings Limited (NASDAQ:GRAB) saw 34.75 million shares changing hands with its beta currently measuring 0.83. Company’s recent per share price level of $3.73 trading at $0.11 or 3.04% at ring of the bell on the day assigns it a market valuation of $14.77B. That closing price of GRAB’s stock is at a discount of -4.02% from its 52-week high price of $3.88 and is indicating a premium of 22.25% 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 23.49 million shares which gives us an average trading volume of 24.18 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 1.38. 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 0.0 in the current quarter.
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Grab Holdings Limited (NASDAQ:GRAB) trade information
Upright in the green during last session for gaining 3.04%, in the last five days GRAB remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $3.73 price level, adding 0.27% to its value on the day. Grab Holdings Limited’s shares saw a change of 10.68% in year-to-date performance and have moved 2.19% in past 5-day. Grab Holdings Limited (NASDAQ:GRAB) showed a performance of 1.91% in past 30-days. Number of shares sold short was 69.79 million shares which calculate 2.72 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 25.4% to its current value. 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 -12.6% in reaching the projected high whereas dropping to the targeted low would mean a loss of -12.6% 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 added 10.68% of value to its shares in past 6 months, showing an annual growth rate of 63.64% while that of industry is 19.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 16.30% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 691.5M for the same. And 7 analysts are in estimates of company making revenue of 719.83M in the next quarter. Company posted 615M and 653M 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 401.8 million shares of worth $1.43 billion. And as of 2024-06-30, it was holding 10.2099 of the company’s outstanding shares.
The second largest institutional holder is MORGAN STANLEY, which was holding about 198.42 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.042 of outstanding shares, having a total worth of $704.39 million.
