In the latest session, Grab Holdings Limited (NASDAQ: GRAB) closed at $3.74 up 1.63% from its previous closing price of $3.68. In other words, the price has increased by $+0.0600 from its previous closing price. On the day, 12912032 shares were traded. GRAB stock price reached its highest trading level at $3.7800 during the session, while it also had its lowest trading level at $3.6500.
For a deeper understanding of Grab Holdings Limited’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 7.10 and its Current Ratio is at 7.10. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.29.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on January 17, 2023, Upgraded its rating to Buy and sets its target price to $4.20 from $3.60 previously.
On October 10, 2022, Barclays started tracking the stock assigning a Equal Weight rating and target price of $3.
JP Morgan Downgraded its Overweight to Neutral on August 08, 2022, whereas the target price for the stock was revised from $3 to $3.80.
For the stock, the TTM Price-to-Sale (P/S) ratio is 13.34 while its Price-to-Book (P/B) ratio in mrq is 2.24.
Stock Price History:
Over the past 52 weeks, GRAB has reached a high of $6.61, while it has fallen to a 52-week low of $2.19. The 50-Day Moving Average of the stock is 3.1992, while the 200-Day Moving Average is calculated to be 2.9611.
For the past three months, GRAB has traded an average of 16.38M shares per day and 24.16M over the past ten days. A total of 4.09B shares are outstanding, with a floating share count of 2.79B. Insiders hold about 27.92% of the company’s shares, while institutions hold 48.00% stake in the company. Shares short for GRAB as of Oct 13, 2022 were 93.35M with a Short Ratio of 101.92M, compared to 93.02M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.42% and a Short% of Float of 3.76%.
There are 1 different market analysts currently analyzing its stock. The consensus estimate for the next quarter is -$0.12, with high estimates of -$0.12 and low estimates of -$0.12.
Analysts are recommending an EPS of between -$0.44 and -$0.5 for the fiscal current year, implying an average EPS of -$0.47. EPS for the following year is -$0.34, with 2 analysts recommending between -$0.27 and -$0.42.
A total of 2 analysts have provided revenue estimates for GRAB’s current fiscal year. The highest revenue estimate was $3.05B, while the lowest revenue estimate was $1.25B, resulting in an average revenue estimate of $2.15B. In the same quarter a year ago, actual revenue was $640.66M, up 235.50% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $2.73B in the next fiscal year. The high estimate is $3.54B and the low estimate is $1.92B. The average revenue growth estimate for next year is up 26.90% from the average revenue estimate for this year.