Grab Holdings Limited (NASDAQ:GRAB) saw an upside of 0.93% to close Monday at $3.27 after adding $0.03 on the day. The 5-day average trading volume is 16,267,899 shares of the company’s common stock. It has gained $3.45 in the past week and touched a new high 1 time within the past 5 days. An average of 15,363,235 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 15,919,808.
GRAB’s 1-month performance is -9.17% or -$0.33 on its low of $3.12 reached on 08/18/23. The company’s shares have touched a 52-week low of $2.19 and high of $4.03, with the stock’s rally to the 52-week high happening on 01/17/23. YTD, GRAB has achieved 1.55% or $0.05 and has reached a new high 5 times. However, the current price is down -18.86% from the 52-week high price.
Valuation Metrics
GRAB stock has a beta of 0.97. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.39 while the price-to-book (PB) in the most recent quarter is 1.95.
Grab Holdings Limited’s quick ratio for the period ended March 30 was 5.30, with the current ratio over the same period at 5.40. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.10, while the total debt to equity was 0.12. In terms of profitability, the gross margin trailing 12 months is 18.00%. The trailing 12-month EBITDA margin is -82.48% while for the period ending March 30, Grab Holdings Limited’s operating margin was -65.50%. The firm’s gross profit as reported stood at $77.0 million against revenue of $1.43 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -104.93% to -$1.68 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected GRAB to announce -$0.06 per share in earnings in its latest quarter, but it posted -$0.06, representing a 0.00% surprise. EBITDA for the quarter stood at more than -$169.0 million. GRAB stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 1.87 billion, with total debt at $781.0 million.
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 21 August was 27.38% to suggest the stock is trending oversold, with historical volatility in this time period at 16.79%.
The stock’s 5-day moving average is $3.29, reflecting a -6.30% or -$0.22 change from its current price. GRAB is currently trading -9.17% above its 20-day SMA, +14.74% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -3.82% and SMA200 by+23.86%.
Stochastic %K and %D was 14.59% and 9.25% and the average true range (ATR) pointed at 0.14. The RSI (14) points at 35.14%, while the 14-day stochastic is at 23.62% with the period’s ATR at 0.14. The stock’s 9-day MACD Oscillator is pointing at -0.14 and -0.22 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Grab Holdings Limited (NASDAQ: GRAB), JP Morgan upgraded it to a Neutral rating. They previously had an Underweight rating on the stock. Analysts offering their rating for GRAB stock have a consensus rating for the stock as Buy. Currently, 1 brokerage advisors rate GRAB as a “sell,”, while 2 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 21 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 $3.00 and a high of $5.50, with their median price target at $4.35. Looking at these predictions, the average price target given by analysts is for Grab Holdings Limited (GRAB) stock is $4.30.
