The stock of Grab Holdings Limited (NASDAQ:GRAB) last traded at $3.22, up 2.22% from the previous session.
Data from the available sources indicates that Grab Holdings Limited (NASDAQ:GRAB) is covered by 23 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $2.50, we find $3.85. Given the previous closing price of $3.15, this indicates a potential upside of 22.22 percent. GRAB stock price is now 17.05% away from the 50-day moving average and -0.08% away from the 200-day moving average. The market capitalization of the company currently stands at $11.26B.
In total, 6 analysts have assigned it a hold rating, and 13 have given it a buy rating. Brokers who have rated the stock have averaged $4.08 as their price target over the next twelve months.
With the price target of $3, Barclays recently initiated with Equal Weight rating for Grab Holdings Limited (NASDAQ: GRAB). On August 08, 2022, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock increasing its target price from $3 to quote $3.80, while ‘Deutsche Bank’ rates the stock as ‘Buy’.
A total of 27.92% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GRAB stock. A new stake in Grab Holdings Limited shares was purchased by FENGHE FUND MANAGEMENT PTE. LTD. during the first quarter worth $92,545,000. CANADA PENSION PLAN INVESTMENT BOARD invested $33,911,000 in shares of GRAB during the first quarter. In the first quarter, CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM acquired a new stake in Grab Holdings Limited valued at approximately $16,838,000. MARCHO PARTNERS LLP acquired a new stake in GRAB for approximately $13,837,000. MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC purchased a new stake in GRAB valued at around $12,835,000 in the second quarter. In total, there are 362 active investors with 48.70% ownership of the company’s stock.
With an opening price of $3.0200 on Thursday morning, Grab Holdings Limited (NASDAQ: GRAB) set off the trading day. During the past 12 months, Grab Holdings Limited has had a low of $2.19 and a high of $14.95. As of last week, the company has a debt-to-equity ratio of 0.30, a current ratio of 7.40, and a quick ratio of 7.40. The fifty day moving average price for GRAB is $2.7510 and a two-hundred day moving average price translates $3.2225 for the stock.
The latest earnings results from Grab Holdings Limited (NASDAQ: GRAB) was released for Jun, 2022. The company reported revenue of $382.0 million for the quarter, compared to $157.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 143.31 percent. For the current quarter, analysts expect GRAB to generate $343.84M in revenue.
Grab Holdings Limited(GRAB) Company Profile
Grab Holdings Limited provides superapps that allows access to mobility, delivery, financial services, and enterprise offerings through its mobile application in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company is headquartered in Singapore.