In yesterday’s Wall Street session, Grab Holdings Limited (NASDAQ:GRAB) shares traded at $3.10, up 2.31% from the previous session.
As of this writing, 27 analysts cover 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 $7.00 and a low of $3.10, we find $4.60. Given the previous closing price of $3.03, this indicates a potential upside of 51.82 percent. GRAB stock price is now -11.18% away from the 50-day moving average and -6.90% away from the 200-day moving average. The market capitalization of the company currently stands at $11.97B.
There are 2 analysts who have given it a hold rating, whereas 21 have given it a buy rating. Brokers who have rated the stock have averaged $4.67 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 50.18% 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 $54,428,000. DRAGONEER INVESTMENT GROUP, LLC invested $44,500,000 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 $43,912,000. JUPITER ASSET MANAGEMENT LTD acquired a new stake in GRAB for approximately $3,563,000. RHUMBLINE ADVISERS purchased a new stake in GRAB valued at around $1,719,000 in the second quarter. In total, there are 444 active investors with 33.05% ownership of the company’s stock.
Monday morning saw Grab Holdings Limited (NASDAQ: GRAB) opened at $3.0900. During the past 12 months, Grab Holdings Limited has had a low of $2.44 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 4.85, and a quick ratio of 4.81. The fifty day moving average price for GRAB is $3.4874 and a two-hundred day moving average price translates $3.3271 for the stock.
The latest earnings results from Grab Holdings Limited (NASDAQ: GRAB) was released for Jun, 2023. The net profit margin was -55.21% and return on equity was -16.14% 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.
