Grab Holdings Limited (GRAB): What Does Valuation Ratios Tell Us?

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BBAI
BBAI

Grab Holdings Limited (NASDAQ:GRAB) saw an upside of 1.63% to close Monday at $3.74 after adding $0.06 on the day. The 5-day average trading volume is 31,985,340 shares of the company’s common stock. It has gained $4.03 in the past week and touched a new high 1 time within the past 5 days. An average of 17,694,186 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 17,355,102.

GRAB’s 1-month performance is 25.08% or $0.47 on its low of $3.07 reached on 12/29/22. The company’s shares have touched a 52-week low of $2.19 and high of $6.61, with the stock’s rally to the 52-week high happening on 01/17/23. YTD, GRAB has achieved 16.15% or $0.52 and has reached a new high 5 times. However, the current price is down -43.42% from the 52-week high price.


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Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 13.34 while the price-to-book (PB) in the most recent quarter is 2.24.

Grab Holdings Limited’s quick ratio for the period ended September 29 was 7.10, with the current ratio over the same period at 7.10. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.29, while the total debt to equity was 0.31. The firm’s gross profit as reported stood at -$395.0 million against revenue of $675.0 million.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 100.0% to -$3.45 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected GRAB to announce -$0.11 per share in earnings in its latest quarter, but it posted -$0.05, representing a 54.50% surprise. EBITDA for the quarter stood at more than -$252.0 million. GRAB stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 3.17 billion, with total debt at $2.12 billion.

Let’s look briefly at Grab Holdings Limited (GRAB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 59.62% to suggest the stock is trending Neutral, with historical volatility in this time period at 71.39%.

The stock’s 5-day moving average is $3.74, reflecting a +4.47% or $0.16 change from its current price. GRAB is currently trading +19.87% above its 20-day SMA, +25.08% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +34.05% and SMA200 by+1.22%.

Stochastic %K and %D was 59.21% and 63.79% and the average true range (ATR) pointed at 0.22. The RSI (14) points at 60.17%, while the 14-day stochastic is at 62.34% with the period’s ATR at 0.21. The stock’s 9-day MACD Oscillator is pointing at -0.02 and 0.04 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Grab Holdings Limited (NASDAQ: GRAB), BofA Securities upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for GRAB stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate GRAB as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 17 have offered a “buy” rating.

What is GRAB’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $2.65 and a high of $6.00, with their median price target at $4.10. Looking at these predictions, the average price target given by analysts is for Grab Holdings Limited (GRAB) stock is $4.21.

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