Daily High to Daily Low: Is It Safe to Buy Grab Holdings Limited (GRAB)? – News Heater
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Daily High to Daily Low: Is It Safe to Buy Grab Holdings Limited (GRAB)?

Grab Holdings Limited (NASDAQ:GRAB) went down by -0.85% from its latest closing price compared to the recent 1-year high of $17.15. The company’s stock price has collected -14.02% of loss in the last five trading sessions. Barron’s reported on 05/19/22 that Grab Stock Soars as It Sees Strong Sales on Expected Online Demand Recovery

Is It Worth Investing in Grab Holdings Limited (NASDAQ :GRAB) Right Now?

Grab Holdings Limited (NASDAQ:GRAB) scored a price-to-earnings ratio above its average ratio, recording 9.09 x from its present earnings ratio. Opinions of the stock are interesting as 13 analysts out of 19 who provided ratings for Grab Holdings Limited declared the stock was a “buy,” while 1 rated the stock as “overweight,” 4 rated it as “hold,” and 1 as “sell.”

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The average price from analysts is $4.71, which is $2.53 above the current price. GRAB currently public float of 2.76B and currently shorts hold a 4.63% ratio of that float. Today, the average trading volume of GRAB was 23.40M shares.

GRAB’s Market Performance

GRAB stocks went down by -14.02% for the week, with a monthly drop of -7.91% and a quarterly performance of -43.17%, while its annual performance rate touched -80.19%. The volatility ratio for the week stands at 6.39% while the volatility levels for the past 30 days are set at 11.19% for Grab Holdings Limited. The simple moving average for the period of the last 20 days is -12.17% for GRAB stocks with a simple moving average of -66.14% for the last 200 days.

Analysts’ Opinion of GRAB

Many brokerage firms have already submitted their reports for GRAB stocks, with Deutsche Bank repeating the rating for GRAB by listing it as a “Buy.” The predicted price for GRAB in the upcoming period, according to Deutsche Bank is $3.20 based on the research report published on June 17th of the current year 2022.

China Renaissance, on the other hand, stated in their research note that they expect to see GRAB reach a price target of $4.20. The rating they have provided for GRAB stocks is “Buy” according to the report published on June 06th, 2022.

Bernstein gave a rating of “Outperform” to GRAB, setting the target price at $3.04 in the report published on May 31st of the current year.

GRAB Trading at -18.75% from the 50-Day Moving Average

After a stumble in the market that brought GRAB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -86.41% of loss for the given period.

Volatility was left at 11.19%, however, over the last 30 days, the volatility rate increased by 6.39%, as shares sank -25.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.10% lower at present.

During the last 5 trading sessions, GRAB fell by -14.02%, in comparison to the 20-day moving average, which settled at $2.61. In addition, Grab Holdings Limited saw -67.32% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for GRAB

The liquidity ratio also appears to be rather interesting for investors as it stands at 17.65.

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