In the latest trading session, 7.91 million Grab Holdings Limited (NASDAQ:GRAB) shares changed hands as the company’s beta touched 0.89. With the company’s most recent per share price at $4.54 changing hands around $0.09 or 2.02% at last look, the market valuation stands at $17.97B. GRAB’s current price is a discount, trading about -25.99% 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 34.36% up since then. When we look at Grab Holdings Limited’s average trading volume, we note the 10-day average is 35.87 million shares, with the 3-month average coming to 34.13 million.
Analysts gave the Grab Holdings Limited (GRAB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.42. 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 5.34%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -3.81%, with the 5-day performance at 5.34% in the green. However, in the 30-day time frame, Grab Holdings Limited (NASDAQ:GRAB) is -7.34% down. Looking at the short shares, we see there were 128.09 million shares sold at short interest cover period of 2.79 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5.22, meaning bulls need an upside of 13.03% 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 -26.65% plunge from its current level, while the stock would need to soar -3.52% for it to hit the projected low.
Grab Holdings Limited (GRAB) estimates and forecasts
Year-over-year growth is forecast to reach 21.19% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 766.15M. 6 analysts are of the opinion that Grab Holdings Limited’s revenue for the current quarter will be 810.04M. 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 17.33%. The estimates for the next quarter sales put growth at 21.99%.
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 297.47%.
Grab Holdings Limited (NASDAQ:GRAB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 22.27% of Grab Holdings Limited shares while 59.62% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 76.70%. There are 59.62% institutions holding the Grab Holdings Limited stock share, with SB INVESTMENT ADVISERS (UK) LTD the top institutional holder. As of 2024-06-30, the company held 10.1342% of the shares, roughly 401.8 million GRAB shares worth $1.43 billion.
MORGAN STANLEY holds the second largest percentage of outstanding shares, with 5.0046% or 198.42 million shares worth $704.39 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Artisan Developing World Fund and Advisers Investment Tr-JOHCM International Select Fd. With 30.14 shares estimated at $136.98 million under it, the former controlled 0.77% of total outstanding shares. On the other hand, Advisers Investment Tr-JOHCM International Select Fd held about 0.53% of the shares, roughly 20.63 shares worth around $93.75 million.
