The price of Grab Holdings Limited (NASDAQ:GRAB) shares last traded on Wall Street fell -2.42% to $3.23.
Based on available information, 27 analysts follow 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 $3.31, this indicates a potential upside of 38.97 percent. GRAB stock price is now -3.93% away from the 50-day moving average and -1.95% away from the 200-day moving average. The market capitalization of the company currently stands at $12.47B.
Among analysts, 1 rate the stock a hold while 21 rate it a buy. Brokers who have rated the stock have averaged $4.71 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 48.62% of the company’s stock is owned by insiders.
A candlestick chart of Grab Holdings Limited (NASDAQ: GRAB) showed a price of $3.3100 on Monday morning. During the past 12 months, Grab Holdings Limited has had a low of $2.65 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 3.79, and a quick ratio of 3.76. The fifty day moving average price for GRAB is $3.3620 and a two-hundred day moving average price translates $3.2941 for the stock.
The latest earnings results from Grab Holdings Limited (NASDAQ: GRAB) was released for Sep, 2023. The net profit margin was -38.71% and return on equity was -13.02% for GRAB. The company reported revenue of $615.0 million for the quarter, compared to $382.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 60.99 percent.
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.