The price of Grab Holdings Limited (NASDAQ:GRAB) shares last traded on Wall Street rose 3.70% to $5.33.
GRAB stock price is now 21.23% away from the 50-day moving average and 45.81% away from the 200-day moving average. The market capitalization of the company currently stands at $20.70B.
With the price target enhanced from $4.25 to $5.50, HSBC Securities Downgraded its rating from Buy to Hold for Grab Holdings Limited (NASDAQ: GRAB). On November 22, 2024, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Underperform’ on the stock keeping its target price maintained at $4.90, while ‘China Renaissance’ rates the stock as ‘Hold’
In other news, ANTHONY PING YEOW TAN, Director bought 50,000 shares of the company’s stock on Dec 09 ’24. The stock was bought for $257,000 at an average price of $5.14. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 27 ’24, Officer SUTHEN THOMAS PARADATHETH bought 200,000 shares of the business’s stock. A total of $1,051,440 was incurred on buying the stock at an average price of $5.26. A total of 40.06% of the company’s stock is owned by insiders.
During the past 12 months, Grab Holdings Limited has had a low of $2.90 and a high of $5.72. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 2.70, and a quick ratio of 2.67. The fifty day moving average price for GRAB is $4.367 and a two-hundred day moving average price translates $3.644675 for the stock.
The latest earnings results from Grab Holdings Limited (NASDAQ: GRAB) was released for 2024-09-30. The net profit margin was -3.57% and return on equity was -1.52% for GRAB. The company reported revenue of $716.0 million for the quarter, compared to $615.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.42 percent.
