In today’s recent session, 3.64 million shares of the Grab Holdings Limited (NASDAQ:GRAB) have been traded, and its beta is 0.90. Most recently the company’s share price was $4.76, and it changed around -$0.02 or -0.31% from the last close, which brings the market valuation of the company to $18.87B. GRAB at last check was trading at a discount to its 52-week high of $5.72, offering almost -20.17% off that amount. The share price’s 52-week low was $2.98, which indicates that the recent value has risen by an impressive 37.39% since then. We note from Grab Holdings Limited’s average daily trading volume that its 10-day average is 35.02 million shares, with the 3-month average coming to 36.19 million.
Grab Holdings Limited stock received a consensus recommendation rating of Buy, based on a mean score of 1.57. If we narrow it down even further, the data shows that 0 out of 29 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 6 recommended GRAB as a Hold, whereas 19 deemed it a Buy, and 0 rated it as Underweight. Grab Holdings Limited is expected to report earnings per share of 0.01 for the current quarter.
Grab Holdings Limited (NASDAQ:GRAB) trade information
Instantly GRAB has been showing red trend so far today with a performance of -0.31% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.92 on recent trading dayincreased the stock’s daily price by 3.25%. The company’s shares are currently up 0.95% year-to-date, but still down -6.75% over the last five days. On the other hand, Grab Holdings Limited (NASDAQ:GRAB) is 6.12% up in the 30-day period. We can see from the shorts that 114.84 million shares have been sold at a short interest cover period of 5.16 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 4.8% from its current value. Analyst projections state that GRAB is forecast to be at a low of $4.7 and a high of $5.75.
Grab Holdings Limited (GRAB) estimates and forecasts
The year-over-year growth rate is expected to be 19.18%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 760.92M in revenue for the current quarter. 2 analysts expect Grab Holdings Limited to make 819.75M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 653M and 653M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 16.53%. Forecasts for the next quarter put sales growth at 25.54%. 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.
Artisan Developing World Fund and College Retirement Equities Fund-Stock Account were the top two Mutual Funds as of Sep 30, 2024 . The former held 33.23 shares worth $158.32 million, making up 0.85% of all outstanding shares. On the other hand, College Retirement Equities Fund-Stock Account held roughly 31.23 shares worth around $148.81 million, which represents about 0.80% of the total shares outstanding.
