The price of Grab Holdings Limited (NASDAQ:GRAB) shares last traded on Wall Street rose 1.18% to $3.43.
Based on available information, 26 analysts follow Grab Holdings Limited (NASDAQ:GRAB). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $5.50 and a low of $3.00, we find $4.00. Given the previous closing price of $3.39, this indicates a potential upside of 17.99 percent. GRAB stock price is now 9.80% away from the 50-day moving average and 11.35% away from the 200-day moving average. The market capitalization of the company currently stands at $12.78B.
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Among analysts, 3 rate the stock a hold while 20 rate it a buy. Brokers who have rated the stock have averaged $4.19 as their price target over the next twelve months.
With the price target enhanced from $2.55 to $3.10, JP Morgan Upgraded its rating from Underweight to Neutral for Grab Holdings Limited (NASDAQ: GRAB).
A total of 27.55% 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 CONTRARIUS INVESTMENT MANAGEMENT LTD during the first quarter worth $101,580,000. NORGES BANK invested $60,222,000 in shares of GRAB during the first quarter. In the first quarter, RENAISSANCE TECHNOLOGIES LLC acquired a new stake in Grab Holdings Limited valued at approximately $9,543,000. BRIDGEWATER ASSOCIATES, LP acquired a new stake in GRAB for approximately $4,668,000. MOUNT CAPITAL LTD purchased a new stake in GRAB valued at around $2,358,000 in the second quarter. In total, there are 416 active investors with 48.00% ownership of the company’s stock.
A candlestick chart of Grab Holdings Limited (NASDAQ: GRAB) showed a price of $3.3900 on Friday morning. During the past 12 months, Grab Holdings Limited has had a low of $2.19 and a high of $4.03. As of last week, the company has a debt-to-equity ratio of 0.12, a current ratio of 5.40, and a quick ratio of 5.30. The fifty day moving average price for GRAB is $3.1314 and a two-hundred day moving average price translates $3.0821 for the stock.
The latest earnings results from Grab Holdings Limited (NASDAQ: GRAB) was released for Mar, 2023. According to the Software – Application Company, earnings per share came in at -$0.06, inline with analysts’ expectations of -$0.06. This compares to -$0.12 EPS in the same period last year. The net profit margin was -86.90% and return on equity was -22.20% for GRAB. The company reported revenue of $525.0 million for the quarter, compared to $228.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 130.26 percent. For the current quarter, analysts expect GRAB to generate $538.96M in revenue.
Grab Holdings Limited(GRAB) Company Profile
Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings. The company is headquartered in Singapore.
