Grab Holdings Limited (NASDAQ:GRAB) finished Thursday with an addition of $0.09 to close at $3.47, an upside of 2.66 percent. An average of 13,312,160 shares of common stock have been traded in the last five days. There was a gain of $0.01 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 19,988,471 shares traded, while the 50-day average volume stands at 18,833,488.
GRAB stock has decreased by -7.96% in the last month. The company shares reached their 1-month lowest point of $3.36 on 09/28/23. 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 7.76% or $0.25 in price. In spite of this, the price is down -13.90% from the 52-week high.
Valuation Metrics
Grab Holdings Limited (GRAB) stock’s beta is 0.93. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.78, the price-to-book (PB) ratio at 2.13.
Financial Health
The quick ratio of Grab Holdings Limited for the three months ended June 29 was 4.81, and the current ratio was 4.85, 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 quarter ending June 29. 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%. The analyst consensus anticipated Grab Holdings Limited’s latest quarter earnings to come in at -$0.05 per share, but it turned out to be -$0.03, a 40.00% surprise. For the quarter, EBITDA amounted to -$139.0 million.
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 28 September was 44.26%, suggesting the stock is Neutral, with historical volatility in this time frame at 17.08%.
As of today, GRAB’s price is $3.42 +0.29% or $0.01 from its 5-day moving average. GRAB is currently trading -7.22% lower than its 20-day SMA and +14.90% higher than its 100-day SMA. However, the stock’s current price level is -1.14% below the SMA50 and +14.90% above the SMA200.
The stochastic %K and %D were 12.32% and 10.16%, respectively, and the average true range (ATR) was 0.11. With the 14-day stochastic at 23.91% and the average true range at 0.12, the RSI (14) stands at 44.78%. The stock has reached -0.03 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.
