Grab Holdings Limited (NASDAQ:GRAB) finished Thursday with a subtraction of -$0.04 to close at $3.66, a downside of -1.08 percent. An average of 24,645,240 shares of common stock have been traded in the last five days. There was a gain of $0.40 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 17,095,115 shares traded, while the 50-day average volume stands at 16,520,078.
GRAB stock has increased by 0.27% in the last month. The company shares reached their 1-month lowest point of $3.12 on 08/18/23. With the stock rallying to its 52-week high on 01/17/23, shares of the company touched a low of $2.19 and a high of $4.03 in 52 weeks. It has reached a new high 5 times so far this year and achieved 13.66% or $0.44 in price. In spite of this, the price is down -9.18% from the 52-week high.
Valuation Metrics
Grab Holdings Limited (GRAB) stock’s beta is 0.90. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.27, the price-to-book (PB) ratio at 2.18.
Financial Health
The quick ratio of Grab Holdings Limited for the recent quarter was 5.30, and the current ratio was 5.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.10 and a total debt to equity ratio of 0.12 for the recent quarter. Grab Holdings Limited’s EBITDA margin is -82.48%, while its operating margin for the same period stands at -65.50%. Its gross profit as reported stood at $77.0 million compared to revenue of $1.43 billion.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$1.68 billion in the quarter, while revenues were shrunk -104.93%.
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 24 August was 62.92%, suggesting the stock is Neutral, with historical volatility in this time frame at 59.44%.
As of today, GRAB’s price is $3.44 +12.27% or $0.40 from its 5-day moving average. GRAB is currently trading +1.39% higher than its 20-day SMA and +21.59% higher than its 100-day SMA. However, the stock’s current price level is +6.09% above the SMA50 and +29.33% above the SMA200.
The stochastic %K and %D were 70.65% and 48.98%, respectively, and the average true range (ATR) was 0.16. With the 14-day stochastic at 83.72% and the average true range at 0.15, the RSI (14) stands at 58.47%. The stock has reached 0.16 on the 9-day MACD Oscillator while the 14-day reading was at 0.10.
Analyst Ratings
Barclays upgraded Grab Holdings Limited (NASDAQ: GRAB) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as an Equal weight. The consensus rating for Grab Holdings Limited (GRAB) among analysts is Buy. According to current brokerage recommendations, 1 brokerage firm advise that investors sell GRAB, while 2 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 21 others rate it as a “buy”.
What is GRAB’s price target for the next 12 months?
Analysts predict a range of price targets between $3.15 and $7.00, with a median target of $4.55. Taking a look at these predictions, the average price target given by analysts for Grab Holdings Limited (GRAB) stock is $4.59.
