The price of Grab Holdings Limited (NASDAQ:GRAB) shares last traded on Wall Street fell -0.27% to $3.69.
GRAB stock price is now 5.40% away from the 50-day moving average and 13.51% away from the 200-day moving average. The market capitalization of the company currently stands at $14.25B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $4.50, Barclays recently Upgraded its rating from Equal Weight to Overweight 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 $64,786,000. DRAGONEER INVESTMENT GROUP, LLC invested $52,970,000 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 $52,270,000. JUPITER ASSET MANAGEMENT LTD acquired a new stake in GRAB for approximately $4,241,000. RHUMBLINE ADVISERS purchased a new stake in GRAB valued at around $2,046,000 in the second quarter. In total, there are 444 active investors with 48.00% ownership of the company’s stock.
A candlestick chart of Grab Holdings Limited (NASDAQ: GRAB) showed a price of $3.6900 on Monday 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 4.80, and a quick ratio of 4.80. The fifty day moving average price for GRAB is $3.5058 and a two-hundred day moving average price translates $3.2552 for the stock.
The latest earnings results from Grab Holdings Limited (NASDAQ: GRAB) was released for Jun, 2023. According to the Software – Application Company, earnings per share came in at -$0.03, beating analysts’ expectations of -$0.05 by 0.02. This compares to -$0.15 EPS in the same period last year. The net profit margin was -55.30% and return on equity was -16.60% for GRAB. The company reported revenue of $567.0 million for the quarter, compared to $321.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 76.64 percent. For the current quarter, analysts expect GRAB to generate $578.55M in revenue.
