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 -5.27% and 22.68% over the past three months. GRAB shares are trading -4.87% year to date (YTD), with the 12-month market performance up to 34.83% 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 35.09 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 -8.42%, -7.75%, and 16.87% respectively.
Institutional ownership of Grab Holdings Limited (NASDAQ: GRAB) shares accounts for 41.92% of the company’s 3.91B shares outstanding.
It has a market capitalization of $17.78B and a beta (3y monthly) value of 0.91. 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 3.63% over the month.
Earnings per share for the fiscal year are expected to increase by 73.91%, and 245.52% over the next financial year.
Looking at the support for the GRAB, a number of firms have released research notes about the stock. BofA Securities stated their Neutral rating for the stock in a research note on January 07, 2025, with the firm’s price target at $4.90-$5.10. HSBC Securities coverage for the Grab Holdings Limited (GRAB) stock in a research note released on December 05, 2024 offered a Hold rating with a price target of $5.50. BofA Securities was of a view on November 22, 2024 that the stock is Underperform, while China Renaissance gave the stock Hold rating on November 21, 2024, issuing a price target of $5.40. Daiwa Securities on their part issued Outperform rating on October 23, 2024.
