Grab Holdings Limited (NASDAQ:GRAB) has a beta value of 0.90 and has seen 6.19 million shares traded in the recent trading session. The company, currently valued at $20.53B, closed the recent trade at $5.18 per share which meant it gained $0.04 on the day or 0.88% during that session. The GRAB stock price is -10.42% off its 52-week high price of $5.72 and 44.02% above the 52-week low of $2.90. If we look at the company’s 10-day average daily trading volume, we find that it stood at 72.65 million shares traded. The 3-month trading volume is 34.01 million shares.
The consensus among analysts is that Grab Holdings Limited (GRAB) is Buy stock at the moment, with a recommendation rating of 1.50. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 7 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.01.
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Grab Holdings Limited (NASDAQ:GRAB) trade information
Sporting 0.88% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the GRAB stock price touched $5.18 or saw a rise of 9.44%. Year-to-date, Grab Holdings Limited shares have moved 53.86%, while the 5-day performance has seen it change -5.04%. Over the past 30 days, the shares of Grab Holdings Limited (NASDAQ:GRAB) have changed 24.34%. Short interest in the company has seen 57.94 million shares shorted with days to cover at 1.89.
Wall Street analysts have a consensus price target for the stock at $5, which means that the shares’ value could drop -3.6% from the levels at last check today. The projected low price target is $4.2 while the price target rests at a high of $13.0. In that case, then, we find that the latest price level in today’s session is -150.97% off the targeted high while a plunge would see the stock lose 18.92% from the levels at last check today.
Grab Holdings Limited (GRAB) estimates and forecasts
Figures show that Grab Holdings Limited shares have outperformed across the wider relevant industry. The company’s shares have gained 42.45% over the past 6 months, with this year growth rate of 72.73%, compared to 18.40% for the industry. Revenue growth from the last financial year stood is estimated to be 18.53%.
9 analysts offering their estimates for the company have set an average revenue estimate of 756.89M for the current quarter. 2 have an estimated revenue figure of 843.71M for the next ending quarter. Year-ago sales stood 653M and 653M respectively for this quarter and the next, and analysts expect sales will grow by 15.91% for the current quarter and 18.53% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 42.25% over the past 5 years.
GRAB Dividends
Grab Holdings Limited is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Grab Holdings Limited (NASDAQ:GRAB)’s Major holders
The top two institutional holders are SB INVESTMENT ADVISERS (UK) LTD with over 401.8 million shares worth more than $1.43 billion. As of 2024-06-30, SB INVESTMENT ADVISERS (UK) LTD held 10.2099% of shares outstanding.
The other major institutional holder is MORGAN STANLEY, with the holding of over 198.42 million shares as of 2024-06-30. The firm’s total holdings are worth over $704.39 million and represent 5.042% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Artisan Developing World Fund and Europacific Growth Fund. As of Jun 30, 2024, the former fund manager holds about 0.82% shares in the company for having 32.09 shares of worth $165.28 million while later fund manager owns 23.85 shares of worth $122.85 million as of Jun 30, 2024, which makes it owner of about 0.61% of company’s outstanding stock.
