During the last session, Grab Holdings Limited (NASDAQ:GRAB)’s traded shares were 12.66 million, with the beta value of the company hitting 0.91. At the end of the trading day, the stock’s price was $5.57, reflecting an intraday loss of -1.68% or -$0.09. The 52-week high for the GRAB share is $5.67, that puts it down -1.8 from that peak though still a striking 47.94% gain since the share price plummeted to a 52-week low of $2.90. The company’s market capitalization is $22.04B, and the average intraday trading volume over the past 10 days was 67.91 million shares, and the average trade volume was 32.51 million shares over the past three months.
Grab Holdings Limited (GRAB) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.34. GRAB has a Sell rating from 1 analyst(s) out of 7 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.01.
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Grab Holdings Limited (NASDAQ:GRAB) trade information
Grab Holdings Limited (GRAB) registered a -1.68% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.68% in intraday trading to $5.57, hitting a weekly high. The stock’s 5-day price performance is 17.65%, and it has moved by 34.42% in 30 days. Based on these gigs, the overall price performance for the year is 77.80%. The short interest in Grab Holdings Limited (NASDAQ:GRAB) is 57.94 million shares and it means that shorts have 1.89 day(s) to cover.
The consensus price target of analysts on Wall Street is $5, which implies a decrease of -11.4% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4.2 and $13 respectively. As a result, GRAB is trading at a discount of -133.39% off the target high and 24.6% off the low.
Grab Holdings Limited (GRAB) estimates and forecasts
Statistics show that Grab Holdings Limited has outperformed its competitors in share price, compared to the industry in which it operates. Grab Holdings Limited (GRAB) shares have gone up 51.63% during the last six months, with a year-to-date growth rate more than the industry average at 72.73% against 18.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 96.08% this quarter and then jump 100.00% in the quarter after that. In the rating firms’ projections, revenue will increase 18.53% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 756.89M as predicted by 9 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 843.71M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 653M and 653M respectively. In this case, analysts expect current quarter sales to grow by 15.91% and then jump by 29.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 42.25%. While earnings are projected to return 70.20% in 2024.
GRAB Dividends
Grab Holdings Limited is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Grab Holdings Limited (NASDAQ:GRAB)’s Major holders
The next largest institutional holding, with 198.42 million shares, is of MORGAN STANLEY’s that is approximately 5.042% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $704.39 million.
Also, the Mutual Funds coming in first place with the largest holdings of Grab Holdings Limited (GRAB) shares are Artisan Developing World Fund and John Hancock Mutual Fds III-International Growth Fd. Data provided on Jun 30, 2024 indicates that Artisan Developing World Fund owns about 32.09 shares. This amounts to just over 0.82 percent of the company’s overall shares, with a $180.96 million market value. The same data shows that the other fund manager holds slightly less at 20.6, or about 0.53% of the stock, which is worth about $116.17 million.
