In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of Grab Holdings Limited (NASDAQ: GRAB) was $3.50 for the day, up 0.57% from the previous closing price of $3.48. In other words, the price has increased by $0.57 from its previous closing price. On the day, 14.33 million shares were traded. GRAB stock price reached its highest trading level at $3.53 during the session, while it also had its lowest trading level at $3.47.
Ratios:
Our analysis of GRAB’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.74 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 117.02. For the most recent quarter (mrq), Quick Ratio is recorded 3.87 and its Current Ratio is at 3.90. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.10.
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, JP Morgan on January 18, 2024, Upgraded its rating to Overweight and sets its target price to $3.80 from $3.60 previously.
On August 24, 2023, Barclays Upgraded its rating to Overweight which previously was Equal Weight but kept the price unchanged to $4.50.
JP Morgan Upgraded its Underweight to Neutral on June 22, 2023, whereas the target price for the stock was revised from $2.55 to $3.10.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GRAB now has a Market Capitalization of 13729975296 and an Enterprise Value of 9441100800. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.85 while its Price-to-Book (P/B) ratio in mrq is 2.13. Its current Enterprise Value per Revenue stands at 4.002 whereas that against EBITDA is -28.609.
Stock Price History:
Over the past 52 weeks, GRAB has reached a high of $3.92, while it has fallen to a 52-week low of $2.67. The 50-Day Moving Average of the stock is 7.81%, while the 200-Day Moving Average is calculated to be 4.99%.
Shares Statistics:
GRAB traded an average of 26.14M shares per day over the past three months and 29062610 shares per day over the past ten days. A total of 3.81B shares are outstanding, with a floating share count of 2.57B. Insiders hold about 34.74% of the company’s shares, while institutions hold 36.35% stake in the company. Shares short for GRAB as of 1713139200 were 66146641 with a Short Ratio of 2.53, compared to 1710460800 on 62960846. Therefore, it implies a Short% of Shares Outstanding of 66146641 and a Short% of Float of 2.42.
