Grab Holdings Limited (NASDAQ:GRAB) price on current trading day, fall -1.27% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.65.
A look at the stock’s price movement, the level at last check in today’s session was $4.71, moving within a range at $4.62 and $4.72. The beta value (5-Year monthly) was 0.88. Turning to its 52-week performance, $5.72 and $2.98 were the 52-week high and 52-week low respectively. Overall, GRAB moved -12.92% over the past month.
Grab Holdings Limited’s market cap currently stands at around $18.42 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-18.
Analysts have a consensus estimate of 766.15M for the company’s revenue for the quarter, with a low and high estimate of 745M and 781.15M respectively. The average forecast suggests up to a 17.33% 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 3.39B, representing a 21.19% 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 Hold. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% 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 1.10% and -0.26% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.93, while 7-day volatility ratio is 3.23% and 5.52% in the 30-day chart. Further, Grab Holdings Limited (GRAB) has a beta value of 0.86, and an average true range (ATR) of 0.25. Analysts have given the company’s stock an average 52-week price target of $5.225, forecast between a low of $4.7 and high of $5.75. Looking at the price targets, the low is -1.08% off recent price level in today’s trading while to achieve the yearly target high, it has to move -23.66%. Nonetheless, investors will most likely welcome a -12.37% jump to $5.225 which is the analysts’ median price.
If we refocus on Grab Holdings Limited (NASDAQ:GRAB), historical trading data shows that trading volumes averaged 37.51 over the past 10 days and 34.58 million over the past 3 months. The company’s latest data on shares outstanding shows there are 3.95 billion shares.
The 40.12% of Grab Holdings Limited’s shares are in the hands of company insiders while institutional holders own 47.10% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 128.09 million on 2025-02-28, giving us a short ratio of 2.79. The data shows that as of 2025-02-28 short interest in Grab Holdings Limited (GRAB) stood at 446.99996999999996 of shares outstanding, with shares short rising to 123.41 million registered in 2025-01-31. Current price change has pushed the stock -1.48% 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.
