Grab Holdings Limited (NASDAQ:GRAB) shares, rose in value on Friday, May 17, with the stock price up by 1.92% to the previous day’s close as strong demand from buyers drove the stock to $3.72.
Actively observing the price movement in the last trading, the stock closed the session at $3.65. Referring to stock’s 52-week performance, its high was $3.92, and the low was $2.67. On the whole, GRAB has fluctuated by 9.73% over the past month.
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Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.78B, with a low estimate of 661M and a high estimate of 686M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 677.43M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GRAB’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GRAB currently trading nearly 6.04% and 11.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 73.87, while the 7-day volatility ratio is showing 2.42% which for the 30-day chart, stands at 2.53%. Furthermore, Grab Holdings Limited (GRAB)’s beta value is 0.82, and its average true range (ATR) is 0.09.
A comparison of Grab Holdings Limited (GRAB) with its peers suggests the former has fared considerably weaker in the market. GRAB showed an intraday change of 1.92% in last session, and over the past year, it grew by 15.53%%.
Data on historical trading for Grab Holdings Limited (NASDAQ:GRAB) indicates that the trading volumes over the past 3 months, they’ve averaged 26.57 million. According to company’s latest data on outstanding shares, there are 3.81 billion shares outstanding.
Nearly 34.66% of Grab Holdings Limited’s shares belong to company insiders and institutional investors own 39.42% of the company’s shares. The stock has risen by 10.39% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GRAB stock heading into the next quarter.
