Grab Holdings Limited (NASDAQ:GRAB) shares, rose in value on Friday, April 05, with the stock price down by -0.63% to the previous day’s close as strong demand from buyers drove the stock to $3.14.
Actively observing the price movement in the recent trading, the stock is buoying the session at $3.16. The value of beta (5-year monthly) is 0.90. Referring to stock’s 52-week performance, its high was $3.92, and the low was $2.67. On the whole, GRAB has fluctuated by 1.29% over the past month.
With the market capitalization of Grab Holdings Limited currently standing at about $12.39 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 17, 2024 – May 18, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to $0.02 for fiscal year -$0.02 and then to about $0.03 by fiscal year 2025. Data indicates that the EPS growth is expected to be 81.80% in 2025, while the next year’s EPS growth is forecast to be 250.00%.
Analysts have estimated the company’s revenue for the quarter at $636.36 million, with a low estimate of $627 million and a high estimate of $656.36 million. According to the average forecast, sales growth in current quarter could jump up 21.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $2.75 billion, representing an increase of 16.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that GRAB’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GRAB currently trading nearly -1.40% and -2.27% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.92, while the 7-day volatility ratio is showing 2.57% which for the 30-day chart, stands at 2.70%. Furthermore, Grab Holdings Limited (GRAB)’s beta value is 0.89, and its average true range (ATR) is 0.09.
A comparison of Grab Holdings Limited (GRAB) with its peers suggests the former has fared considerably weaker in the market. GRAB showed an intraday change of -0.63% in today’s session so far, and over the past year, it shrunk by -0.32%%.
Data on historical trading for Grab Holdings Limited (NASDAQ:GRAB) indicates that the trading volumes over the past 10 days have averaged 19.79 million and over the past 3 months, they’ve averaged 23.62 million. According to company’s latest data on outstanding shares, there are 3.81 billion shares outstanding.
Nearly 49.49% of Grab Holdings Limited’s shares belong to company insiders and institutional investors own 35.79% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 62.96 million shares as on Mar 15, 2024, resulting in a short ratio of 1.89. According to the data, the short interest in Grab Holdings Limited (GRAB) stood at 1.60% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 76.58 million. The stock has fallen by -6.82% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GRAB stock heading into the next quarter.
