GRAB has 36-month beta value of 0.86. Analysts have mixed views on the stock, with 21 analysts rating it as a “buy,” 6 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for GRAB is 2.37B, and currently, short sellers hold a 2.44% ratio of that float. The average trading volume of GRAB on November 18, 2024 was 30.82M shares.
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GRAB) stock’s latest price update
The stock of Grab Holdings Limited (NASDAQ: GRAB) has decreased by 0.00 when compared to last closing price of 4.73. Despite this, the company has experienced a 11.82% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-17 that Grab recently posted a double-beat on Q3 earnings, sending shares 11% higher. Grab is now FCF positive on a trailing twelve month basis — the company also reported its second quarter of positive net income. Its transition from a cash-burning business to a profitable cash flow machine will be a key driver of share price appreciation.
GRAB’s Market Performance
Grab Holdings Limited (GRAB) has seen a 11.82% rise in stock performance for the week, with a 30.66% gain in the past month and a 42.04% surge in the past quarter. The volatility ratio for the week is 5.09%, and the volatility levels for the past 30 days are at 3.71% for GRAB. The simple moving average for the past 20 days is 10.31% for GRAB’s stock, with a 34.68% simple moving average for the past 200 days.
Analysts’ Opinion of GRAB
Many brokerage firms have already submitted their reports for GRAB stocks, with Daiwa Securities repeating the rating for GRAB by listing it as a “Outperform.” The predicted price for GRAB in the upcoming period, according to Daiwa Securities is $4.60 based on the research report published on October 23, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see GRAB reach a price target of $5. The rating they have provided for GRAB stocks is “Outperform” according to the report published on June 27th, 2024.
Deutsche Bank gave a rating of “Buy” to GRAB, setting the target price at $4.50 in the report published on May 17th of the current year.
GRAB Trading at 21.34% 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 -4.06% of loss for the given period.
Volatility was left at 3.71%, however, over the last 30 days, the volatility rate increased by 5.09%, as shares surge +26.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +43.77% upper at present.
During the last 5 trading sessions, GRAB rose by +11.82%, which changed the moving average for the period of 200-days by +51.12% in comparison to the 20-day moving average, which settled at $4.29. In addition, Grab Holdings Limited saw 40.36% 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 PARADATHETH8 SIN, who proposed sale 400,000 shares at the price of $4.78 back on Nov 14 ’24. After this action, SUTHEN THOMAS PARADATHETH8 SIN now owns shares of Grab Holdings Limited, valued at $1,913,120 using the latest closing price.
ONG CHIN YIN, the Officer of Grab Holdings Limited, proposed sale 80,000 shares at $4.80 during a trade that took place back on Nov 14 ’24, which means that ONG CHIN YIN is holding shares at $384,056 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 -1.52, with -1.08 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 -215.0 million with net debt to EBITDA at 67.25. When we switch over and look at the enterprise to sales, we see a ratio of 6.2. 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 2.70.
Conclusion
To put it simply, Grab Holdings Limited (GRAB) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
