Value gained By Grab Holdings Limited (GRAB) In The Past Week: $3.14


Grab Holdings Limited (NASDAQ:GRAB) finished Thursday with a subtraction of -$0.14 to close at $2.70, a downside of -4.93 percent. An average of 21,219,641 shares of common stock have been traded in the last five days. There was a fall of -$0.25 in the past week. The last 20 days have seen an average of 27,590,391 shares traded, while the 50-day average volume stands at 22,135,400.

GRAB stock has decreased by -22.19% in the last month. The company shares reached their 1-month lowest point of $2.68 on 09/22/22. Shares of the company touched a low of $2.26 and a high of $17.15 in 52 weeks. It has reached a new high 2 times so far this year and lost -62.13% or -$4.43 in price. In spite of this, the price is down -84.26% from the 52-week high.

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Financial Health

The quick ratio of Grab Holdings Limited for the recent quarter was 7.40, and the current ratio was 7.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.28 and a total debt to equity ratio of 0.30 for the recent quarter. Its gross profit as reported stood at -$395.0 million compared to revenue of $675.0 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Grab Holdings Limited (GRAB) price momentum. RSI 9-day as of the close on 22 September was 33.69%, suggesting the stock is Neutral, with historical volatility in this time frame at 77.92%.

As of today, GRAB’s price is $2.92 -8.47% or -$0.25 from its 5-day moving average. GRAB is currently trading -25.00% lower than its 20-day SMA and -8.47% lower than its 100-day SMA. However, the stock’s current price level is +8.00% above the SMA50 and -70.00% below the SMA200.

The stochastic %K and %D were 17.07% and 31.13%, respectively, and the average true range (ATR) was 0.23. With the 14-day stochastic at 2.53% and the average true range at 0.23, the RSI (14) stands at 38.30%. The stock has reached -0.18 on the 9-day MACD Oscillator while the 14-day reading was at -0.19.

Analyst Ratings

JP Morgan downgraded Grab Holdings Limited (NASDAQ: GRAB) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Grab Holdings Limited (GRAB) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell GRAB, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 14 others rate it as a “buy”.


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