Grab Holdings Limited (GRAB) Is A Stock You Should Watch

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As of Wednesday close, Grab Holdings Limited’s (NASDAQ:GRAB) stock was up $0.04, moving up 1.37 percent to $2.95. The average number of shares traded per day over the past five days has been 16,952,520 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.20 fall in that time frame. In the last twenty days, the average volume was 18,393,381, while in the previous 50 days, it was 17,204,088.

Since last month, GRAB stock rose 22.92%. Shares of the company fell to $2.19 on 10/24/22, the lowest level in the past month. Since the beginning of this year, GRAB’s stock price has dropped by -58.63% or -$4.18, and marked a new high 2 times. However, the stock has declined by -79.82% since its 52-week high.


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Financial Health

In the three months ended September 29, Grab Holdings Limited’s quick ratio stood at 7.10, while its current ratio was 7.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.29, and the total debt-to-equity ratio was 0.31. Based on annual data, GRAB earned -$395.0 million in gross profit and brought in $675.0 million in revenue.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GRAB’s revenue rose 100.0% during the quarter, while net income inched up to $675.0 million. While analysts expected Grab Holdings Limited to report -$0.12 quarterly earnings, the actual figure was -$0.05 per share, beating the consensus estimate by 58.30%. During the quarter, the company generated -$252.0 million in EBITDA. The liabilities of Grab Holdings Limited were 3.17 billion at the end of its most recent quarter ended September 29, and its total debt was $2.12 billion.

Technical Picture

This quick technical analysis looks at Grab Holdings Limited’s (GRAB) price momentum. With a historical volatility rate of 71.43%, the RSI 9-day stood at 52.82% on 23 November.

With respect to its five-day moving average, the current Grab Holdings Limited price is down by -6.35% percent or -$0.20. At present, GRAB shares trade +17.06% above its 20-day simple moving average and +8.86% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.28% below its SMA50 and -43.38% below its SMA200.

Stochastic coefficient K was 40.12% and Stochastic coefficient D was 48.70%, while ATR was 0.22. Given the Stochastic reading of 40.74% for the 14-day period, the RSI (14) reading has been calculated as 54.09%. As of today, the MACD Oscillator reading stands at -0.11.

Analyst Ratings

Barclays launched its rating on Grab Holdings Limited (NASDAQ: GRAB) to an Equal weight in a note to investors on October 10, 2022. Grab Holdings Limited (GRAB) has been rated Overweight by analysts. According to 2 brokerage firms, GRAB is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Grab Holdings Limited stock as buy, with 13 recommending it as overweight.

With a median target price of $3.85, the current consensus forecast for the stock is $2.50 – $6.00. Based on these forecasts, analysts predict Grab Holdings Limited (GRAB) will achieve an average price target of $4.09.

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