Grab Holdings Limited (NASDAQ: GRAB)’s stock price has plunge by 0.66relation to previous closing price of 3.80. Nevertheless, the company has seen a 5.08% surge in its stock price over the last five trading sessions. zacks.com reported 2024-09-26 that Grab Holdings Limited (GRAB) concluded the recent trading session at $3.80, signifying a +0.53% move from its prior day’s close.
Is It Worth Investing in Grab Holdings Limited (NASDAQ: GRAB) Right Now?
Company’s 36-month beta value is 0.83.Analysts have differing opinions on the stock, with 17 analysts rating it as a “buy,” 6 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for GRAB is 2.30B, and currently, short sellers hold a 2.26% ratio of that floaft. The average trading volume of GRAB on September 27, 2024 was 21.49M shares.
GRAB’s Market Performance
GRAB stock saw an increase of 5.08% in the past week, with a monthly gain of 19.16% and a quarterly increase of 7.75%. The volatility ratio for the week is 2.27%, and the volatility levels for the last 30 days are 2.27% for Grab Holdings Limited (GRAB). The simple moving average for the past 20 days is 9.71% for GRAB’s stock, with a 13.83% simple moving average for the past 200 days.
Analysts’ Opinion of GRAB
Many brokerage firms have already submitted their reports for GRAB stocks, with Mizuho repeating the rating for GRAB by listing it as a “Outperform.” The predicted price for GRAB in the upcoming period, according to Mizuho is $5 based on the research report published on June 27, 2024 of the current year 2024.
Deutsche Bank, 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 “Buy” according to the report published on May 17th, 2024.
JP Morgan gave a rating of “Overweight” to GRAB, setting the target price at $3.80 in the report published on January 18th of the current year.
GRAB Trading at 13.91% 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 -0.91% of loss for the given period.
Volatility was left at 2.27%, however, over the last 30 days, the volatility rate increased by 2.27%, as shares surge +20.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.76% upper at present.
During the last 5 trading sessions, GRAB rose by +5.63%, which changed the moving average for the period of 200-days by +24.84% in comparison to the 20-day moving average, which settled at $3.52. In addition, Grab Holdings Limited saw 13.50% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GRAB starting from SUTHEN THOMAS PARADATHETH, who proposed sale 33,138 shares at the price of $3.35 back on Sep 11 ’24. After this action, SUTHEN THOMAS PARADATHETH now owns shares of Grab Holdings Limited, valued at $111,012 using the latest closing price.
ANTHONY TAN PING YEOW, the Officer of Grab Holdings Limited, proposed sale 50,000 shares at $3.29 during a trade that took place back on Sep 09 ’24, which means that ANTHONY TAN PING YEOW is holding shares at $164,500 based on the most recent closing price.
Stock Fundamentals for GRAB
Current profitability levels for the company are sitting at:
- -0.09 for the present operating margin
- 0.41 for the gross margin
The net margin for Grab Holdings Limited stands at -0.09. The total capital return value is set at -0.03. Equity return is now at value -3.37, with -2.54 for asset returns.
Based on Grab Holdings Limited (GRAB), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 2.32. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is -1.95.
Currently, EBITDA for the company is -259.0 million with net debt to EBITDA at 143.47. When we switch over and look at the enterprise to sales, we see a ratio of 4.84. The receivables turnover for the company is 4.99for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.00.
Conclusion
In a nutshell, Grab Holdings Limited (GRAB) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
