In today’s recent session, 4.37 million shares of the Grab Holdings Limited (NASDAQ:GRAB) have been traded, and its beta is 0.83. Most recently the company’s share price was $4.14, and it changed around -$0.03 or -0.84% from the last close, which brings the market valuation of the company to $16.38B. GRAB at last check was trading at a discount to its 52-week high of $4.32, offering almost -4.35% off that amount. The share price’s 52-week low was $2.90, which indicates that the recent value has risen by an impressive 29.95% since then. We note from Grab Holdings Limited’s average daily trading volume that its 10-day average is 36.0 million shares, with the 3-month average coming to 27.13 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.
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Grab Holdings Limited (NASDAQ:GRAB) trade information
Instantly GRAB has been showing red trend so far today with a performance of -0.84% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.24 on recent trading dayincreased the stock’s daily price by 2.36%. The company’s shares are currently up 22.70% year-to-date, but still down -0.12% over the last five days. On the other hand, Grab Holdings Limited (NASDAQ:GRAB) is 9.10% up in the 30-day period. We can see from the shorts that 62.13 million shares have been sold at a short interest cover period of 2.05 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 17.2% 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 risen 18.48 percent over the past six months and at a 63.64% annual growth rate that is well above the industry average of 18.80%. 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 5.042% or 198.42 million shares worth $704.39 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
