Grab Holdings Limited (NASDAQ: GRAB) is -8.61% lower on its value in year-to-date trading and has touched a low of $2.65 and a high of $3.92 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GRAB stock was last observed hovering at around $3.20 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $3.08, the stock is -5.46% and -4.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 27.51 million and changing -3.75% at the moment leaves the stock -7.63% off its SMA200. GRAB registered -2.53% loss for a year compared to 6-month loss of -17.43%. The firm has a 50-day simple moving average (SMA 50) of $3.30 and a 200-day simple moving average (SMA200) of -$35.11.
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The stock witnessed a -6.67% gain in the last 1 month and extending the period to 3 months gives it a -0.32%, and is -0.65% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.23% over the week and 3.47% over the month.
Grab Holdings Limited (GRAB) has around 11934 employees, a market worth around $11.89B and $2.36B in sales. Fwd P/E is 141.80. Profit margin for the company is -18.39%. Distance from 52-week low is 16.23% and -21.43% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.10%).
Grab Holdings Limited quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $638.7M over the same period.The EPS is expected to grow by 67.27% this year, but quarterly earnings will post 16.80% year-over-year. Quarterly sales are estimated to grow 21.70% in year-over-year returns.
Grab Holdings Limited (GRAB) Top Institutional Holders
489 institutions hold shares in Grab Holdings Limited (GRAB), with institutional investors hold 72.55% of the company’s shares. The shares outstanding are 3.74B, and float is at 1.95B with Short Float at 3.92%. Institutions hold 54.36% of the Float.
The top institutional shareholder in the company is SB Investment Advisers (UK) LTD with over 709.27 million shares valued at $2.43 billion. The investor’s holdings represent 18.98% of the GRAB Shares outstanding. As of Jun 29, 2023, the second largest holder is Morgan Stanley with 288.42 million shares valued at $989.28 million to account for 7.72% of the shares outstanding. The other top investors are Capital Research Global Investors which holds 158.74 million shares representing 4.25% and valued at over $544.48 million, while MUFG Bank Ltd holds 3.83% of the shares totaling 142.91 million with a market value of $490.19 million.
