In today’s recent session, 6.75 million shares of the Grab Holdings Limited (NASDAQ:GRAB) have been traded, and its beta is 0.88. Most recently the company’s share price was $4.72, and it changed around $0.03 or 0.75% from the last close, which brings the market valuation of the company to $18.70B. GRAB at last check was trading at a discount to its 52-week high of $5.72, offering almost -21.19% off that amount. The share price’s 52-week low was $2.98, which indicates that the recent value has risen by an impressive 36.86% since then.
Grab Holdings Limited stock received a consensus recommendation rating of Buy, based on a mean score of 1.48. If we narrow it down even further, the data shows that 0 out of 27 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 5 recommended GRAB as a Hold, whereas 17 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 a green trend so far today with a performance of 0.75% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 5.01 on recent trading dayincreased the stock’s daily price by 5.79%. The company’s shares are currently up 0.11% year-to-date, but still down -2.98% over the last five days. On the other hand, Grab Holdings Limited (NASDAQ:GRAB) is 4.07% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $5.22, which translates to bulls needing to increase their stock price by 9.58% 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 20.16%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 766.15M in revenue for the current quarter. 6 analysts expect Grab Holdings Limited to make 810.04M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 653M and 664M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 17.33%. Forecasts for the next quarter put sales growth at 21.99%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 51.71%.
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.
College Retirement Equities Fund-Stock Account and Artisan Developing World Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 31.23 shares worth $147.88 million, making up 0.80% of all outstanding shares. On the other hand, Artisan Developing World Fund held roughly 30.14 shares worth around $142.7 million, which represents about 0.77% of the total shares outstanding.
