Currently, there are 3.81B common shares owned by the public and among those 2.30B shares have been available to trade.
The company’s stock has a 5-day price change of 9.12% and 22.96% over the past three months. GRAB shares are trading 20.77% year to date (YTD), with the 12-month market performance up to 27.19% higher. It has a 12-month low price of $2.90 and touched a high of $4.32 over the same period. GRAB has an average intraday trading volume of 26.71 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 7.40%, 14.05%, and 19.04% respectively.
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Institutional ownership of Grab Holdings Limited (NASDAQ: GRAB) shares accounts for 41.84% of the company’s 3.81B shares outstanding.
It has a market capitalization of $16.12B and a beta (3y monthly) value of 0.83. The earnings-per-share (ttm) stands at -$0.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.14% over the week and 2.54% over the month.
Earnings per share for the fiscal year are expected to increase by 57.28%, and 170.99% over the next financial year.
Looking at the support for the GRAB, a number of firms have released research notes about the stock. Daiwa Securities stated their Outperform rating for the stock in a research note on October 23, 2024, with the firm’s price target at $4.60. Mizuho coverage for the Grab Holdings Limited (GRAB) stock in a research note released on June 27, 2024 offered a Outperform rating with a price target of $5. Deutsche Bank was of a view on May 17, 2024 that the stock is Buy, while JP Morgan gave the stock Overweight rating on January 18, 2024, issuing a price target of $3.60- $3.80. Barclays on their part issued Overweight rating on August 24, 2023.
