In yesterday’s Wall Street session, Grab Holdings Limited (NASDAQ:GRAB) shares traded at $3.14, down -0.63% 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 $3.16, this indicates a potential upside of 45.57 percent. GRAB stock price is now -9.15% away from the 50-day moving average and -5.28% away from the 200-day moving average. The market capitalization of the company currently stands at $12.12B.
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.
Monday morning saw Grab Holdings Limited (NASDAQ: GRAB) opened at $3.2400. During the past 12 months, Grab Holdings Limited has had a low of $2.51 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 $3.4562 and a two-hundred day moving average price translates $3.3149 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 -55.21% 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. For the current quarter, analysts expect GRAB to generate $589.91M in revenue.
