The 36-month beta value for GRAB is at 0.93. Analysts have varying views on the stock, with 21 analysts rating it as a “buy,” 6 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for GRAB is 2.37B, and currently, shorts hold a 2.44% of that float. The average trading volume for GRAB on November 22, 2024 was 32.95M shares.
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GRAB) stock’s latest price update
Grab Holdings Limited (NASDAQ: GRAB)’s stock price has decreased by -9.44 compared to its previous closing price of 5.67. However, the company has seen a 8.56% increase in its stock price over the last five trading sessions. https://thefly.com reported 2024-11-21 that China Renaissance analyst Yiwen Zhang downgraded Grab Holdings to Hold from Buy with a $5.40 price target.
GRAB’s Market Performance
GRAB’s stock has risen by 8.56% in the past week, with a monthly rise of 24.33% and a quarterly rise of 58.49%. The volatility ratio for the week is 6.25% while the volatility levels for the last 30 days are 4.15% for Grab Holdings Limited The simple moving average for the last 20 days is 11.45% for GRAB stock, with a simple moving average of 44.04% for the last 200 days.
Analysts’ Opinion of GRAB
China Renaissance, on the other hand, stated in their research note that they expect to see GRAB reach a price target of $5.40. The rating they have provided for GRAB stocks is “Hold” according to the report published on November 21st, 2024.
Daiwa Securities gave a rating of “Outperform” to GRAB, setting the target price at $4.60 in the report published on October 23rd of the current year.
GRAB Trading at 25.40% 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 -10.23% of loss for the given period.
Volatility was left at 4.15%, however, over the last 30 days, the volatility rate increased by 6.25%, as shares surge +25.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +47.69% upper at present.
During the last 5 trading sessions, GRAB rose by +8.35%, which changed the moving average for the period of 200-days by +54.37% in comparison to the 20-day moving average, which settled at $4.61. In addition, Grab Holdings Limited saw 52.37% 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 ANTHONY PING YEOW TAN, who proposed sale 1,000,000 shares at the price of $4.99 back on Nov 19 ’24. After this action, ANTHONY PING YEOW TAN now owns shares of Grab Holdings Limited, valued at $4,990,000 using the latest closing price.
SUTHEN THOMAS PARADATHETH8 SIN, the Officer of Grab Holdings Limited, proposed sale 400,000 shares at $4.78 during a trade that took place back on Nov 14 ’24, which means that SUTHEN THOMAS PARADATHETH8 SIN is holding shares at $1,913,120 based on the most recent closing price.
Stock Fundamentals for GRAB
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.42 for the gross margin
The net margin for Grab Holdings Limited stands at -0.04. 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 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 2.14. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is -1.75.
Currently, EBITDA for the company is -215.0 million with net debt to EBITDA at -51.14. When we switch over and look at the enterprise to sales, we see a ratio of 6.29. The receivables turnover for the company is 4.09for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.70.
Conclusion
In conclusion, Grab Holdings Limited (GRAB) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
