Currently, there are 3.74B common shares owned by the public and among those 1.95B shares have been available to trade.
The company’s stock has a 5-day price change of -10.23% and 0.96% over the past three months. GRAB shares are trading -6.23% year to date (YTD), with the 12-month market performance down to -9.71% lower. It has a 12-month low price of $2.65 and touched a high of $3.92 over the same period. GRAB has an average intraday trading volume of 20.77 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 -3.92%, -2.16%, and -5.24% respectively.
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Institutional ownership of Grab Holdings Limited (NASDAQ: GRAB) shares accounts for 36.58% of the company’s 3.74B shares outstanding.
It has a market capitalization of $12.20B and a beta (3y monthly) value of 0.91. The earnings-per-share (ttm) stands at -$0.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.76% over the week and 3.50% over the month.
Analysts forecast that Grab Holdings Limited (GRAB) will achieve an EPS of -$0.01 for the current quarter, -$0.01 for the next quarter and $0.03 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.02 while analysts give the company a high EPS estimate of $0.01. Comparatively, EPS for the current quarter was -$0.06 a year ago. Earnings per share for the fiscal year are expected to increase by 65.57%, and 144.19% over the next financial year.
Looking at the support for the GRAB, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on January 18, 2024, with the firm’s price target at $3.60-$3.80. Barclays coverage for the Grab Holdings Limited (GRAB) stock in a research note released on August 24, 2023 offered a Overweight rating with a price target of $4.50. JP Morgan was of a view on June 22, 2023 that the stock is Neutral, while The Benchmark Company gave the stock Buy rating on April 21, 2023, issuing a price target of $4. Macquarie on their part issued Outperform rating on March 13, 2023.
