Grab Holdings Limited (NASDAQ:GRAB) price on Wednesday, March 27, rose 1.27% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.20.
A look at the stock’s price movement, the close in the last trading session was $3.16. The beta value (5-Year monthly) was 0.90. Turning to its 52-week performance, $3.92 and $2.67 were the 52-week high and 52-week low respectively. Overall, GRAB moved 1.75% over the past month.
Grab Holdings Limited’s market cap currently stands at around $12.55 billion, with investors looking forward to this quarter’s earnings report slated for May 17, 2024 – May 18, 2024. Analysts project the company’s earnings per share (EPS) to be $0, which has seen fiscal year 2024 EPS growth forecast to increase to -$0.02 and about $0.03 for fiscal year 2025. Per the data, EPS growth is expected to be 81.80% for 2024 and 250.00% for the next financial year.
Analysts have a consensus estimate of $636.36 million for the company’s revenue for the quarter, with a low and high estimate of $627 million and $656.36 million respectively. The average forecast suggests up to a 21.20% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2024 to grow to $2.75 billion, representing a 16.70% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that GRAB is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 75% Sell category.
GRAB’s current price about 1.47% and 0.20% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.89, while 7-day volatility ratio is 2.13% and 2.71% in the 30-day chart. Further, Grab Holdings Limited (GRAB) has a beta value of 0.91, and an average true range (ATR) of 0.09.
If we refocus on Grab Holdings Limited (NASDAQ:GRAB), historical trading data shows that trading volumes averaged 29.13 million over the past 10 days and 23.15 million over the past 3 months. The company’s latest data on shares outstanding shows there are 3.74 billion shares.
The 49.33% of Grab Holdings Limited’s shares are in the hands of company insiders while institutional holders own 35.99% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 69.44 million on Feb 29, 2024, giving us a short ratio of 2.8. The data shows that as of Feb 29, 2024 short interest in Grab Holdings Limited (GRAB) stood at 1.77% of shares outstanding, with shares short falling to 71.12 million registered in Jan 31, 2024. Current price change has pushed the stock -5.04% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GRAB stock continues to rise going into the next quarter.
