Grab Holdings Limited (NASDAQ:GRAB) price closed lower on Friday, April 12, dropping -1.77% below its previous close.
A look at the daily price movement shows that the last close reads $3.39. Taking into account the 52-week price action we note that the stock hit a 52-week high of $3.92 and 52-week low of $2.67. The stock added 3.10% on its value in the past month.
Grab Holdings Limited, which has a market valuation of $13.14 billion. Analysts tracking GRAB have forecast the quarterly EPS to shrink by -0.01 per share this quarter, while the same analysts predict the annual EPS to hit -$0.03 for the year 2024 and up to $0.03 for 2025. In this case, analysts estimate an annual EPS growth of 70.00% for the year and 200.00% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $596.87 million, with the likely lows of $596.87 million and highs of $596.87 million. The average estimate suggests sales growth for the quarter will likely rise by 27.60% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $2.57 billion for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 16.50% above that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with — upward and — downward reviews. On the technical perspective front, indicators give GRAB a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 25% Buy.
The overview shows that GRAB’s price is at present 3.51% off the SMA20 and 3.18% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 57.77, with weekly volatility standing at 2.78%. The indicator jumps to 2.58% when calculated based on the past 30 days. Grab Holdings Limited (NASDAQ:GRAB)’s beta value is holding at 0.88, while the average true range (ATR) indicator is currently reading 0.09. An analysis of the Grab Holdings Limited (NASDAQ:GRAB) stock in terms of its daily trading volume indicates that the 3-month average is 24.64 million.
Current records show that the company has 3.81B in outstanding shares. The insiders’ percentage holdings are 34.74% of outstanding shares while the percentage share held by institutions stands at 35.74%. But the -1.19% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
