In yesterday’s Wall Street session, Grab Holdings Limited (NASDAQ:GRAB) shares traded at $3.27, up 0.93% from the previous session.
27 analysts cover Grab Holdings Limited (NASDAQ:GRAB), according to research data. 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 $4.35. Given the previous closing price of $3.24, this indicates a potential upside of 34.26 percent. GRAB stock price is now -6.30% away from the 50-day moving average and 1.18% away from the 200-day moving average. The market capitalization of the company currently stands at $12.79B.
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The stock has received a hold rating from 2 analysts and a buy rating from 21. Brokers who have rated the stock have averaged $4.30 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 27.20% 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 NORGES BANK during the first quarter worth $57,412,000. DRAGONEER INVESTMENT GROUP, LLC invested $46,941,000 in shares of GRAB during the first quarter. In the first quarter, PRUDENTIAL PLC acquired a new stake in Grab Holdings Limited valued at approximately $46,320,000. JUPITER ASSET MANAGEMENT LTD acquired a new stake in GRAB for approximately $3,758,000. RHUMBLINE ADVISERS purchased a new stake in GRAB valued at around $1,813,000 in the second quarter. In total, there are 444 active investors with 48.00% ownership of the company’s stock.
On Monday morning Grab Holdings Limited (NASDAQ: GRAB) stock kicked off with the opening price of $3.2400. 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 $3.4900 and a two-hundred day moving average price translates $3.2320 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 $546.12M in revenue.
