With over 11.88 million Grab Holdings Limited (GRAB) shares trading Friday and a closing price of $3.22 on the day, the dollar volume was approximately $38.26 million. The shares have shown a positive half year performance of 0.63% and its price on 12/22/23 lost nearly -1.23%. Currently, there are 3.74B common shares owned by the public and among those 1.98B shares have been available to trade.
However, the script later moved the day high at 3.2700, down -1.23%. The company’s stock has a 5-day price change of 2.22% and -6.12% over the past three months. GRAB shares are trading 0.00% year to date (YTD), with the 12-month market performance up to 3.21% higher. It has a 12-month low price of $2.65 and touched a high of $4.03 over the same period. GRAB has an average intraday trading volume of 19.13 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.07%, 0.82%, and -1.47% respectively.
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Institutional ownership of Grab Holdings Limited (NASDAQ: GRAB) shares accounts for 35.60% of the company’s 3.74B shares outstanding.
It has a market capitalization of $12.43B and a beta (3y monthly) value of 0.90. The earnings-per-share (ttm) stands at -$0.22. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.95% over the week and 2.77% over the month.
Analysts forecast that Grab Holdings Limited (GRAB) will achieve an EPS of -$0.02 for the current quarter, -$0.01 for the next quarter and -$0.04 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.03 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.1 a year ago. Earnings per share for the fiscal year are expected to increase by 68.32%, and 54.83% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 27 brokerage firm advisors rate Grab Holdings Limited (GRAB) as a “Strong Buy” at a consensus score of 1.37. Specifically, 21 Wall Street analysts polled rate the stock as a buy, while 1 of the 27 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the GRAB, a number of firms have released research notes about the stock. Barclays stated their Overweight rating for the stock in a research note on August 24, 2023, with the firm’s price target at $4.50.
