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Things appear to be looking up for Grab Holdings Limited (GRAB)

Grab Holdings Limited (NASDAQ: GRAB) is -5.34% lower on its value in year-to-date trading and has touched a low of $2.67 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 $3.14 in the last trading session, with the day’s gains setting it 0.05%.

Currently trading at $3.19, the stock is 0.85% and -0.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 21.03 million and changing 1.59% at the moment leaves the stock -4.44% off its SMA200. GRAB registered 5.63% gain for a year compared to 6-month loss of -8.07%. The firm has a 50-day simple moving average (SMA 50) of $3.45 and a 200-day simple moving average (SMA200) of -$36.66.

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The stock witnessed a 3.91% gain in the last 1 month and extending the period to 3 months gives it a -1.85%, and is 1.27% up 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 2.24% over the week and 2.70% over the month.

Grab Holdings Limited (GRAB) has around 10604 employees, a market worth around $12.55B and $2.36B in sales. Fwd P/E is 114.13. Profit margin for the company is -18.39%. Distance from 52-week low is 19.48% and -18.62% 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 $636.36M over the same period.The EPS is expected to grow by 68.67% this year, but quarterly earnings will post 16.70% year-over-year. Quarterly sales are estimated to grow 21.20% 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 72.53% of the company’s shares. The shares outstanding are 3.81B, and float is at 1.99B with Short Float at 3.17%. Institutions hold 54.34% 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.

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