The price of Grab Holdings Limited (NASDAQ:GRAB) shares last traded on Wall Street unchanged to $5.13.
GRAB stock price is now 12.82% away from the 50-day moving average and 38.31% away from the 200-day moving average. The market capitalization of the company currently stands at $20.12B.
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, SUTHEN THOMAS PARADATHETH, Officer bought 20,811 shares of the company’s stock on Dec 11 ’24. The stock was bought for $113,004 at an average price of $5.43. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 09 ’24, Director ANTHONY PING YEOW TAN bought 50,000 shares of the business’s stock. A total of $257,000 was incurred on buying the stock at an average price of $5.14. 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 $4.5182 and a two-hundred day moving average price translates $3.6988 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.
