Grab Holdings Limited (NASDAQ:GRAB)’s traded shares stood at 5.48 million during the latest session, with the company’s beta value hitting 0.90. At the last check today, the stock’s price was $5.17, to imply a decrease of -2.65% or -$0.14 in intraday trading. The GRAB share’s 52-week high remains $5.72, putting it -10.64% down since that peak but still an impressive 43.91% since price per share fell to its 52-week low of $2.90. The company has a valuation of $20.47B, with an average of 43.67 million shares in intraday trading volume over the past 10 days and average of 35.62 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Grab Holdings Limited (GRAB), translating to a mean rating of 1.67. Of 7 analyst(s) looking at the stock, 1 analyst(s) give GRAB a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.01.
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Grab Holdings Limited (NASDAQ:GRAB) trade information
After registering a -2.65% downside in the latest session, Grab Holdings Limited (GRAB) has traded red over the past five days. The 5-day price performance for the stock is -0.21%, and 23.37% over 30 days. With these gigs, the year-to-date price performance is 53.39%. Short interest in Grab Holdings Limited (NASDAQ:GRAB) saw shorts transact 85.66 million shares and set a 2.19 days time to cover.
The extremes give us $4.7 and $5.75 for target low and target high price respectively. As such, GRAB has been trading -11.22% off suggested target high and 9.09% from its likely low.
Grab Holdings Limited (GRAB) estimates and forecasts
Looking at statistics comparing Grab Holdings Limited share performance against respective industry, we note that the company has outperformed competitors. Grab Holdings Limited (GRAB) shares are 40.47% up over the last 6 months, with its year-to-date growth rate higher than industry average at 72.73% against 16.50%. The rating firms project that company’s revenue will grow 18.63% compared to the previous financial year.
Revenue forecast for the current quarter as set by 9 analysts is 756.89M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 843.71M.Earnings reports from the last fiscal year show that sales brought in 653M and 653M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 15.91% before jumping 29.20% in the following quarter.
GRAB Dividends
Grab Holdings Limited has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Grab Holdings Limited (NASDAQ:GRAB)’s Major holders
The next major institution holding the largest number of shares is MORGAN STANLEY with 198.42 million shares, or about 5.042% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $704.39 million.
We also have Artisan Developing World Fund and College Retirement Equities Fund-Stock Account as the top two Mutual Funds with the largest holdings of the Grab Holdings Limited (GRAB) shares. Going by data provided on Sep 30, 2024, Artisan Developing World Fund holds roughly 33.23 shares. This is just over 0.85% of the total shares, with a market valuation of $171.41 million. Data from the same date shows that the other fund manager holds a little less at 31.23, or 0.80% of the shares, all valued at about 161.12 million.
