Grab Holdings Limited (NASDAQ: GRAB): Stock That Needs Special Handling

Currently, there are 3.91B common shares owned by the public and among those 2.37B shares have been available to trade.

The company’s stock has a 5-day price change of -0.19% and 46.57% over the past three months. GRAB shares are trading 52.23% year to date (YTD), with the 12-month market performance up to 63.38% higher. It has a 12-month low price of $2.90 and touched a high of $5.72 over the same period. GRAB has an average intraday trading volume of 37.45 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 -1.99%, 13.54%, and 38.69% respectively.

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Institutional ownership of Grab Holdings Limited (NASDAQ: GRAB) shares accounts for 41.80% of the company’s 3.91B shares outstanding.

It has a market capitalization of $20.12B and a beta (3y monthly) value of 0.90. The earnings-per-share (ttm) stands at -$0.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.10% over the week and 4.73% over the month.

Analysts forecast that Grab Holdings Limited (GRAB) will achieve an EPS of 0.01 for the current quarter, 0.0 for the next quarter and 0.05 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.01 while analysts give the company a high EPS estimate of 0.01. Comparatively, EPS for the current quarter was 0.01 a year ago. Earnings per share for the fiscal year are expected to increase by 70.26%, and 230.46% over the next financial year.

Looking at the support for the GRAB, a number of firms have released research notes about the stock. HSBC Securities stated their Hold rating for the stock in a research note on December 05, 2024, with the firm’s price target at $4.25-$5.50. BofA Securities coverage for the Grab Holdings Limited (GRAB) stock in a research note released on November 22, 2024 offered a Underperform rating with a price target of $4.90. China Renaissance was of a view on November 21, 2024 that the stock is Hold, while Daiwa Securities gave the stock Outperform rating on October 23, 2024, issuing a price target of $4.60. Mizuho on their part issued Outperform rating on June 27, 2024.

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