Grab Holdings Limited (NASDAQ:GRAB) shares, rose in value, with the stock price down by -0.97% to the previous day’s close as strong demand from buyers drove the stock to $4.08.
Actively observing the price movement in the last trading, the stock closed the session at $4.12, falling within a range of $4.06 and $4.155. The value of beta (5-year monthly) was 0.831. Referring to stock’s 52-week performance, its high was $4.32, and the low was $2.90. On the whole, GRAB has fluctuated by 8.22% over the past month.
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With the market capitalization of Grab Holdings Limited currently standing at about $16.16 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Aug-15.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.75B, with a low estimate of 679M and a high estimate of 706M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 692.87M.
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 100% Buy.
The stock’s technical analysis shows that the price of GRAB currently trading nearly 5.60% and 12.07% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.01, while the 7-day volatility ratio is showing 2.50% which for the 30-day chart, stands at 2.41%. Furthermore, Grab Holdings Limited (GRAB)’s beta value is 0.83, and its average true range (ATR) is 0.11.
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 -0.97% in last session, and over the past year, it grew by 32.90%%.
Data on historical trading for Grab Holdings Limited (NASDAQ:GRAB) indicates that the trading volumes over the past 10 days have averaged 36.36 and over the past 3 months, they’ve averaged 27.13 million. According to company’s latest data on outstanding shares, there are 3.81 billion shares outstanding.
Nearly 41.98% of Grab Holdings Limited’s shares belong to company insiders and institutional investors own 41.85% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 62.13 million shares as on 2024-10-15, resulting in a short ratio of 2.05. According to the data, the short interest in Grab Holdings Limited (GRAB) stood at 225.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 51.9 million. The stock has risen by 21.07% 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.
