As of Wednesday close, Grab Holdings Limited’s (NASDAQ:GRAB) stock was down -$0.03, moving down -0.86 percent to $3.46. The average number of shares traded per day over the past five days has been 16,076,779 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.07 fall in that time frame. In the last twenty days, the average volume was 23,561,641, while in the previous 50 days, it was 20,054,676.
Since last month, GRAB stock rose 5.81%. Shares of the company fell to $3.20 on 08/21/23, the lowest level in the past month. A 52-week high of $4.03 was reached on 01/17/23 after having rallying from a 52-week low of $2.19. Since the beginning of this year, GRAB’s stock price has risen by 7.45% or $0.24, and marked a new high 5 times. However, the stock has declined by -14.14% since its 52-week high.
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Valuation Metrics
The stock’s beta is 0.92. Besides these, the trailing price-to-sales (P/S) ratio of 6.76, the price-to-book (PB) ratio of 2.12.
Financial Health
In the three months ended June 29, Grab Holdings Limited’s quick ratio stood at 4.80, while its current ratio was 4.80, 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 June 29 was 0.10, and the total debt-to-equity ratio was 0.12. On the profitability front, the trailing twelve-month gross margin is 26.30% percent. In the year ended June 29, EBITDA margin amounted to -82.48%, whereas operating margins totaled -46.80%. Based on annual data, GRAB earned $77.0 million in gross profit and brought in $1.43 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -17.30%. Return on equity (ROE) for the past 12 months was -16.60%.
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 52.9% during the quarter, while net income inched up to $1.43 billion. While analysts expected Grab Holdings Limited to report -$0.05 quarterly earnings, the actual figure was -$0.03 per share. During the quarter, the company generated -$139.0 million in EBITDA. The liabilities of Grab Holdings Limited were 1.9 billion at the end of its most recent quarter ended June 29, and its total debt was $772.0 million.
Technical Picture
This quick technical analysis looks at Grab Holdings Limited’s (GRAB) price momentum. With a historical volatility rate of 36.91%, the RSI 9-day stood at 34.77% on 20 September.
With respect to its five-day moving average, the current Grab Holdings Limited price is down by -1.98% percent or -$0.07. At present, GRAB shares trade +3.59% above its 20-day simple moving average and +24.01% percent above its 100-day simple moving average. However, the stock is currently trading approximately -2.81% below its SMA50 and +12.70% above its SMA200.
Stochastic coefficient K was 14.15% and Stochastic coefficient D was 17.85%, while ATR was 0.13. Given the Stochastic reading of 10.64% for the 14-day period, the RSI (14) reading has been calculated as 41.00%. As of today, the MACD Oscillator reading stands at -0.10, while the 14-day reading stands at -0.16.
Analyst Ratings
Barclays upgraded its rating on Grab Holdings Limited (NASDAQ: GRAB) to an Overweight in a note to investors on August 24, 2023. The analysts firm previously had an Equal weight rating on the stock.Grab Holdings Limited (GRAB) has been rated Overweight by analysts. According to 1 brokerage firm, GRAB is a sell, and 2 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Grab Holdings Limited stock as buy, with 20 recommending it as overweight.
With a median target price of $4.60, the current consensus forecast for the stock is $3.16 – $7.00. Based on these forecasts, analysts predict Grab Holdings Limited (GRAB) will achieve an average price target of $4.64.
