The stock of Grab Holdings Limited (NASDAQ:GRAB) last traded at $3.81, down -0.52% from the previous session.
Data from the available sources indicates that Grab Holdings Limited (NASDAQ:GRAB) is covered by 27 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $7.00 and a low of $3.16, we find $4.55. Given the previous closing price of $3.83, this indicates a potential upside of 18.8 percent. GRAB stock price is now 7.70% away from the 50-day moving average and 16.34% away from the 200-day moving average. The market capitalization of the company currently stands at $14.64B.
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In total, 2 analysts have assigned it a hold rating, and 21 have given it a buy rating. Brokers who have rated the stock have averaged $4.63 as their price target over the next twelve months.
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 $66,893,000. DRAGONEER INVESTMENT GROUP, LLC invested $54,692,000 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 $53,970,000. JUPITER ASSET MANAGEMENT LTD acquired a new stake in GRAB for approximately $4,379,000. RHUMBLINE ADVISERS purchased a new stake in GRAB valued at around $2,113,000 in the second quarter. In total, there are 444 active investors with 48.00% ownership of the company’s stock.
With an opening price of $3.7800 on Tuesday 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 $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 $3.5498 and a two-hundred day moving average price translates $3.2784 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 $586.29M 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.
