The stock of Grab Holdings Limited (NASDAQ:GRAB) decreased by -$0.01 on Monday to finish at $3.69, down -0.27 percent. The last five days have seen an average of 26,170,240 shares of common stock traded. 5 times new highs were reached in the current year, with a gain of $0.47. The average number of shares traded over the last 20 days was 17,571,801, while the average volume over the last 50 days totaled 16,810,980.
GRAB stock dropped -1.86% since last month. On 08/18/23, the company’s shares reached a one-month low of $3.12. The stock touched a high of $4.03 on 01/17/23, after rallying from a low of $2.19 in 52 weeks. The price of GRAB stock has risen by 14.60% or $0.47 this year, reaching a new high 5 times. Still, the stock price is down -8.44% from the 52-week high.
Valuation Metrics
Beta for the stock is 0.90. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 7.21, the price-to-book (PB) ratio of 2.26.
Financial Health
For the three months ended June 29, Grab Holdings Limited’s quick ratio was 4.80, while its current ratio was 4.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.10, and the total debt to equity ratio is 0.12. As far as profitability goes, gross margin for the trailing twelve months is 26.30% percent. Grab Holdings Limited’s EBITDA margin for the year ended June 29 was -82.48%, whereas its operating margin stood at -46.80% for the same period. Based on annual data, it had gross profit of $77.0 million and revenue of $1.43 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GRAB’s return on assets (ROA) during the last 12 months has been -12.20%. There was a -17.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -16.60%.
Earnings Surprise
According to Grab Holdings Limited’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.43 billion, while revenues rose by 52.9% to $0.0. It was predicted that Grab Holdings Limited’s quarterly earnings would be -$0.03, but it ended up being -$0.05. EBITDA was -$139.0 million for the quarter. At the end of Grab Holdings Limited’s most recent quarter ended June 29, its liabilities totaled 1.9 billion, while its total debt was $772.0 million.
Technical Picture
Here’s a quick look at Grab Holdings Limited’s (GRAB) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 64.02%, suggesting the stock is Neutral, with a 56.48% historical volatility rate.
The stochastic %K and %D were 87.34% and 82.03% respectively, while the average true range (ATR) was 0.15. Based on the 14-day stochastic reading of 88.37%, the RSI (14) reading is 59.49%. On the 9-day MACD Oscillator, the stock is at 0.22, and the 14-day reading is at 0.21.
Analyst Ratings
In its most recent analyst report, Barclays raised its rating on Grab Holdings Limited (NASDAQ: GRAB) to an Overweight. Prior to this, analysts firm rated the stock as an Equal weight. Analysts have assigned Grab Holdings Limited (GRAB) an Buy rating. GRAB is a stock that is recommended for selling by 1 brokerage firm, while 2 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 21 others recommend it as a buy.
What is GRAB’s price target for the next 12 months?
The current consensus forecast for the stock is between $3.15 and $7.00, with a median target price of $4.55. In analyzing these forecasts, the average price target given by analysts for Grab Holdings Limited (GRAB) is $4.59.
