Is Grab Holdings Limited (GRAB) Price Targeted To Increase?

As of Thursday close, Grab Holdings Limited’s (NASDAQ:GRAB) stock was up $0.19, moving up 7.57 percent to $2.70. The average number of shares traded per day over the past five days has been 24,913,199 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.33 fall in that time frame. In the last twenty days, the average volume was 16,806,006, while in the previous 50 days, it was 21,121,305.

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Since last month, GRAB stock retreated -20.59%. Shares of the company fell to $2.31 on 05/12/22, the lowest level in the past month. Since the beginning of this year, GRAB’s stock price has dropped by -62.13%. However, the stock has declined by -84.26% since its 52-week high.

Financial Health

In the recent quarter, Grab Holdings Limited’s quick ratio stood at 8.50, while its current ratio was 8.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.26, and the total debt-to-equity ratio was 0.28. On the profitability front, the trailing twelve-month gross margin is -58.50% percent. Based on annual data, GRAB earned -$395.0 million in gross profit and brought in $675.0 million in revenue.

The liabilities of Grab Holdings Limited were 3.16 billion at the end of its most recent quarter, and its total debt was $13.95 billion. The value of shareholders’ equity is $3.74 billion.

Technical Picture

This quick technical analysis looks at Grab Holdings Limited’s (GRAB) price momentum. With a historical volatility rate of 81.18%, the RSI 9-day stood at 38.74% on 12 May.

With respect to its five-day moving average, the current Grab Holdings Limited price is down by -10.89% percent or -$0.33. At present, GRAB shares trade -22.41% below its 20-day simple moving average and -64.33% percent below its 100-day simple moving average. However, the stock is currently trading approximately -48.37% below its SMA50.

Stochastic coefficient K was 22.56% and Stochastic coefficient D was 24.19%, while ATR was 0.28. Given the Stochastic reading of 43.82% for the 14-day period, the RSI (14) reading has been calculated as 39.23%. As of today, the MACD Oscillator reading stands at -0.26, while the 14-day reading stands at -0.23.

Analyst Ratings

BofA Securities launched its rating on Grab Holdings Limited (NASDAQ: GRAB) to a Neutral in a note to investors on March 15, 2022. Grab Holdings Limited (GRAB) has been rated Overweight by analysts. According to 2 brokerage firms, GRAB is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Grab Holdings Limited stock as buy, with 12 recommending it as overweight.


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