In the latest trading session, 5.36 million Grab Holdings Limited (NASDAQ:GRAB) shares changed hands as the company’s beta touched 0.90. With the company’s most recent per share price at $5.25 changed hands at -$0.04 or -0.76% at last look, the market valuation stands at $20.79B. GRAB’s current price is a discount, trading about -8.95% off its 52-week high of $5.72. The share price had its 52-week low at $2.90, which suggests the last value was 44.76% up since then. When we look at Grab Holdings Limited’s average trading volume, we note the 10-day average is 48.91 million shares, with the 3-month average coming to 35.13 million.
Analysts gave the Grab Holdings Limited (GRAB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.59. If we narrow down to specifics, the data shows that 1 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended GRAB as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Grab Holdings Limited’s EPS for the current quarter is expected to be 0.01.
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Grab Holdings Limited (NASDAQ:GRAB) trade information
Instantly GRAB was in red as seen in intraday trades today. With action 1.94%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 55.79%, with the 5-day performance at 1.94% in the green. However, in the 30-day time frame, Grab Holdings Limited (NASDAQ:GRAB) is 28.36% up. Looking at the short shares, we see there were 85.66 million shares sold at short interest cover period of 2.19 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5, meaning bulls need a downside of -5.0% from its recent market value. According to analyst projections, GRAB’s forecast low is 4.7 with 5.75 as the target high. To hit the forecast high, the stock’s price needs a -9.52% plunge from its current level, while the stock would need to tank 10.48% for it to hit the projected low.
Grab Holdings Limited (GRAB) estimates and forecasts
Data shows that the Grab Holdings Limited share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 42.66% over the past 6 months, a 72.73% in annual growth rate that is considerably higher than the industry average of 16.80%. Year-over-year growth is forecast to reach 18.63% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 756.89M. 2 analysts are of the opinion that Grab Holdings Limited’s revenue for the current quarter will be 843.71M. The company’s revenue for the corresponding quarters a year ago was 653M and 653M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 15.91%. The estimates for the next quarter sales put growth at 29.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 42.25%. The 2024 estimates are for Grab Holdings Limited earnings to increase by 69.66%.
GRAB Dividends
Grab Holdings Limited is expected to release its next quarterly earnings report in January.
Grab Holdings Limited (NASDAQ:GRAB)’s Major holders
MORGAN STANLEY holds the second largest percentage of outstanding shares, with 5.042% or 198.42 million shares worth $704.39 million as of 2024-06-30.
