Grab Holdings Limited (NASDAQ:GRAB) shares, rose in value on Wednesday, May 07, without any change to the previous day’s close as strong demand from buyers drove the stock to $4.84.
Actively observing the price movement in the last trading, the stock closed the session at $4.84. The PE ratio was 1008.33 over 12-month period. Referring to stock’s 52-week performance, its high was $5.72, and the low was $2.98. On the whole, GRAB has fluctuated by 39.08% over the past month.
With the market capitalization of Grab Holdings Limited currently standing at about $19.72 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GRAB’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of GRAB currently trading nearly 8.46% and 8.17% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.08, while the 7-day volatility ratio is showing 3.73% which for the 30-day chart, stands at 5.37%. Furthermore, Grab Holdings Limited (GRAB)’s beta value is 0.86, and its average true range (ATR) is 0.24.
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 0.00% in last session, and over the past year, it grew by 37.11%%.
Data on historical trading for Grab Holdings Limited (NASDAQ:GRAB) indicates that the trading volumes over the past 3 months, they’ve averaged 39.84 million. According to company’s latest data on outstanding shares, there are 4.00 billion shares outstanding.
Nearly 40.07% of Grab Holdings Limited’s shares belong to company insiders and institutional investors own 46.53% of the company’s shares. The stock has risen by 2.54% 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.
