In the latest trading session, 8.38 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 $4.81 changing hands around $0.25 or 5.48% at last look, the market valuation stands at $19.03B. GRAB’s current price is a discount, trading about -18.92% off its 52-week high of $5.72. The share price had its 52-week low at $2.98, which suggests the last value was 38.05% up since then.
Analysts gave the Grab Holdings Limited (GRAB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.56. 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.
Grab Holdings Limited (NASDAQ:GRAB) trade information
Instantly GRAB is in green as seen in intraday trades today. With action -9.93%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 1.91%, with the 5-day performance at -9.93% in the red. However, in the 30-day time frame, Grab Holdings Limited (NASDAQ:GRAB) is 8.33% up.
The consensus price target for the stock as assigned by Wall Street analysts is 5.22, meaning bulls need an upside of 7.85% 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 -19.54% plunge from its current level, while the stock would need to tank 2.29% for it to hit the projected low.
Grab Holdings Limited (GRAB) estimates and forecasts
Year-over-year growth is forecast to reach 20.21% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 764.18M. 5 analysts are of the opinion that Grab Holdings Limited’s revenue for the current quarter will be 810.44M. The company’s revenue for the corresponding quarters a year ago was 653M and 664M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 17.03%. The estimates for the next quarter sales put growth at 22.05%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 51.71%. The 2025 estimates are for Grab Holdings Limited earnings to increase by 319.42%.
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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Artisan Developing World Fund and College Retirement Equities Fund-Stock Account. With 33.23 shares estimated at $160.82 million under it, the former controlled 0.85% of total outstanding shares. On the other hand, College Retirement Equities Fund-Stock Account held about 0.80% of the shares, roughly 31.23 shares worth around $151.16 million.
