Grab Holdings Limited (NASDAQ:GRAB) currently has a daily average trading volume of 16.53M but it saw 16010096 shares traded on Thursday. With a market cap of 11.44B USD, stock’s current market price of $2.84 came falling about -0.35 while comparing to the previous closing price of $2.85. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.13 and as low as $2.19. In the recent trading on the day, stock has struck highest price mark of $2.87 while lowest mark touched by it was $2.75.
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Taking a look at 20-day trading activity of Grab Holdings Limited (GRAB) gives us an average price of $3.15, while its current price level is -31.23% below from 52-week high level whereas it is 29.68% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.43 while that of 200 days or SMA-200 reads an average of $3.03. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.69% during that period while stretching the period over a month that increases to 5.65%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 35.19 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Macquarie which initiated the stock as “Outperform” in its note to investors issued on March 13, 2023, recommending a price target of $4 for it. JP Morgan downgraded its recommendation for the stock as a “Underweight” from “Neutral” on February 02, 2023 while assigning a price target range of $3.20-$2.80. BofA Securities issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $3.60 and $4.20.
Over the week, GRAB’s stock price is moving -5.02% down while it is -18.39% when we observe its performance for the past one month. Year-to-date it is -11.80% down and over the past year, the stock is showing a downside performance of -6.27%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of -$0.05 beat the consensus estimate of -$0.11 for the same. The company is expected to be releasing its next quarterly report in 05/18/2023, for which analysts forecasted an EPS of -$0.07 while estimate for next year EPS is -$0.39. Moreover, analysts are in estimates of $376.55 million for current-quarter revenue.
Currently, Grab Holdings Limited’s total number of outstanding shares is 3.84B with 27.92% of that held by the insiders while 49.21% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -17.30% and return on equity (ROE) at -23.80%. Stock has a price to book (P/B) ratio of 1.65 while price to sale or P/S ratio amounts to 7.98. Its return on asset (ROA) is -16.60% on average.
A filing at the U.S. Securities and Exchange Commission revealed that American Funds EuroPacific Growth came shrinking its share ownership by 18.10% in the Grab Holdings Limited (GRAB) increasing its stake to 2.17% with control over 12.35 million shares in the company. As per SEC documents, American Funds EuroPacific Growth sought 80,554,973 of company’s common stock of worth $258.58 million as per recent closing price of the stock. American Funds EuroPacific Growth is not the only institutional holder which restructured its stake in Grab Holdings Limited, as American Funds New World Fund picked 58,918,735 shares of worth $189.13 million to bring its holdings to a total of 15.54 million shares. In the most recent quarter, Morgan Stanley Invt Fds – Globa came rising its stake by 0.07% in the company and now holds 50.22 million or 1.35% of the company’s stake having worth of about 161.2 million.
