In the past week, GRAB stock has gone up by 0.86%, with a monthly gain of 11.71% and a quarterly surge of 9.63%. The volatility ratio for the week is 1.73%, and the volatility levels for the last 30 days are 2.89% for Grab Holdings Limited The simple moving average for the last 20 days is 4.19% for GRAB stock, with a simple moving average of 6.00% for the last 200 days.
Is It Worth Investing in Grab Holdings Limited (NASDAQ: GRAB) Right Now?
Additionally, the 36-month beta value for GRAB is 0.81. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for GRAB is 2.57B and currently, short sellers hold a 2.57% ratio of that float. The average trading volume of GRAB on May 06, 2024 was 27.13M shares.
GRAB) stock’s latest price update
The stock of Grab Holdings Limited (NASDAQ: GRAB) has increased by 0.86 when compared to last closing price of 3.50. Despite this, the company has experienced a 0.86% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-02 that Grab Holdings Limited (GRAB) closed at $3.50 in the latest trading session, marking a +0.14% move from the prior day.
Analysts’ Opinion of GRAB
Many brokerage firms have already submitted their reports for GRAB stocks, with JP Morgan repeating the rating for GRAB by listing it as a “Overweight.” The predicted price for GRAB in the upcoming period, according to JP Morgan is $3.80 based on the research report published on January 18, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see GRAB reach a price target of $4.50. The rating they have provided for GRAB stocks is “Overweight” according to the report published on August 24th, 2023.
JP Morgan gave a rating of “Neutral” to GRAB, setting the target price at $3.10 in the report published on June 22nd of the previous year.
GRAB Trading at 8.54% 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 -9.95% of loss for the given period.
Volatility was left at 2.89%, however, over the last 30 days, the volatility rate increased by 1.73%, as shares surge +8.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.71% upper at present.
During the last 5 trading sessions, GRAB rose by +0.86%, which changed the moving average for the period of 200-days by +0.57% in comparison to the 20-day moving average, which settled at $3.40. In addition, Grab Holdings Limited saw 4.75% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for GRAB
Current profitability levels for the company are sitting at:
- -0.21 for the present operating margin
- 0.36 for the gross margin
The net margin for Grab Holdings Limited stands at -0.19. The total capital return value is set at -0.07. Equity return is now at value -6.65, with -4.83 for asset returns.
Based on Grab Holdings Limited (GRAB), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is -5.07.
Currently, EBITDA for the company is -259.0 million with net debt to EBITDA at 18.91. When we switch over and look at the enterprise to sales, we see a ratio of 4.72. The receivables turnover for the company is 5.04for trailing twelve months and the total asset turnover is 0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.90.
Conclusion
In conclusion, Grab Holdings Limited (GRAB) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
