Grab Holdings Limited (NASDAQ:GRAB) price on Tuesday, December 24, rose 1.23% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.94.
A look at the stock’s price movement, the close in the last trading session was $4.88, moving within a range at $4.83 and $4.985. The beta value (5-Year monthly) was 0.809. Turning to its 52-week performance, $5.72 and $2.90 were the 52-week high and 52-week low respectively. Overall, GRAB moved -2.49% over the past month.
Grab Holdings Limited’s market cap currently stands at around $19.80 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 756.89M for the company’s revenue for the quarter, with a low and high estimate of 736M and 826.42M respectively. The average forecast suggests up to a 15.91% 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 2.8B, representing a 18.64% 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 50% 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 -3.88% and 5.06% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.27, while 7-day volatility ratio is 3.72% and 3.85% in the 30-day chart. Further, Grab Holdings Limited (GRAB) has a beta value of 0.90, and an average true range (ATR) of 0.20. Analysts have given the company’s stock an average 52-week price target of $5, forecast between a low of $4.7 and high of $5.75. Looking at the price targets, the low is 4.86% off current price level while to achieve the yearly target high, price needs to move -16.4%. Nonetheless, investors will most likely welcome a -1.21% 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 26.22 over the past 10 days and 37.11 million over the past 3 months. The company’s latest data on shares outstanding shows there are 3.91 billion shares.
The 40.06% of Grab Holdings Limited’s shares are in the hands of company insiders while institutional holders own 41.77% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 86.3 million on 2024-11-29, giving us a short ratio of 1.89. The data shows that as of 2024-11-29 short interest in Grab Holdings Limited (GRAB) stood at 306.0 of shares outstanding, with shares short rising to 57.94 million registered in 2024-10-31. Current price change has pushed the stock 46.70% 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.
