Grab Holdings Limited [GRAB] stock is trading at $3.30, up 1.85%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GRAB shares have gain 3.45% over the last week, with a monthly amount glided 3.12%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 28, March 2024, Grab Files Annual Report on Form 20-F for Fiscal Year 2023. In a post published today on Yahoo Finance, Grab Holdings Limited (NASDAQ: GRAB)(“Grab” or the “Company”), Southeast Asia’s leading superapp, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission on March 28, 2024. The annual report can be accessed via the SEC’s website at http://www.sec.gov and the Company’s investor relations website at https://investors.grab.com/.
From an analyst’s perspective:
Grab Holdings Limited [NASDAQ: GRAB] stock has seen the most recent analyst activity on January 18, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $3.80 from $3.60. Previously, Barclays upgraded its rating to Overweight on August 24, 2023, and kept the price target unchanged to $4.50. On June 22, 2023, upgrade upgraded it’s rating to Neutral and revised its price target to $3.10 on the stock. The Benchmark Company started tracking the stock assigning a Buy rating and suggested a price target of $4 on April 21, 2023. Macquarie initiated its recommendation with a Outperform and recommended $4 as its price target on March 13, 2023. JP Morgan downgraded its rating to Underweight for this stock on February 02, 2023, and downed its price target to $2.80. In a note dated January 17, 2023, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $3.60 to $4.20.
Grab Holdings Limited [GRAB] stock has fluctuated between $2.67 and $3.92 over the past year. Currently, Wall Street analysts expect the stock to reach $7.34 within the next 12 months. Grab Holdings Limited [NASDAQ: GRAB] shares were valued at $3.30 at the most recent close of the market. An investor can expect a potential return of 122.42% based on the average GRAB price forecast.
Analyzing the GRAB fundamentals
Grab Holdings Limited [NASDAQ:GRAB] reported sales of 2.36B for the trailing twelve months, which represents a growth of 30.08%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at -0.21%, Pretax Profit Margin comes in at -0.2%, and Net Profit Margin reading is -0.19%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.07 and Total Capital is -0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.12.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.24 points at the first support level, and at 3.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.33, and for the 2nd resistance point, it is at 3.37.
Grab Holdings Limited [GRAB] reported earnings per share of $0.01 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.01/share, meaning a difference of $0.02 and a surprise factor of 200.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.02 per share as compared to estimates of -$0.02 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
For context, Grab Holdings Limited’s Current Ratio is 3.90. Further, the Quick Ratio stands at 3.87, while the Cash Ratio is 2.12. Considering the valuation of this stock, the price to sales ratio is 5.52, the price to book ratio is 2.01.
