Grab Holdings Limited (NASDAQ:GRAB) price on Wednesday, November 13, remained unchanged to $4.89.
A look at the stock’s price movement, the close in the last trading session was $4.89, moving within a range at $4.545 and $4.9. The beta value (5-Year monthly) was 0.809. Turning to its 52-week performance, $4.93 and $2.90 were the 52-week high and 52-week low respectively. Overall, GRAB moved 35.46% over the past month.
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Grab Holdings Limited’s market cap currently stands at around $19.37 billion, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 721.31M for the company’s revenue for the quarter, with a low and high estimate of 703.06M and 755.62M respectively. The average forecast suggests up to a 10.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.75B, representing a 16.40% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GRAB is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 6 recommend GRAB as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GRAB’s current price about 16.92% and 27.30% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 85.69, while 7-day volatility ratio is 5.68% and 3.56% in the 30-day chart. Further, Grab Holdings Limited (GRAB) has a beta value of 0.88, and an average true range (ATR) of 0.17. Analysts have given the company’s stock an average 52-week price target of $5, forecast between a low of $4.2 and high of $13. Looking at the price targets, the low is 14.11% off current price level while to achieve the yearly target high, price needs to move -165.85%. Nonetheless, investors will most likely welcome a -2.25% jump to $5 which is the analysts’ median price.
If we refocus on Grab Holdings Limited (NASDAQ:GRAB), historical trading data shows that trading volumes averaged 36.64 over the past 10 days and 29.71 million over the past 3 months. The company’s latest data on shares outstanding shows there are 3.81 billion shares.
The 40.08% of Grab Holdings Limited’s shares are in the hands of company insiders while institutional holders own 40.44% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 57.94 million on 2024-10-31, giving us a short ratio of 1.89. The data shows that as of 2024-10-31 short interest in Grab Holdings Limited (GRAB) stood at 210.0 of shares outstanding, with shares short falling to 69.79 million registered in 2024-09-30. Current price change has pushed the stock 45.10% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GRAB stock continues to rise going into the next quarter.
