At the time of writing, Grab Holdings Limited [GRAB] stock is trading at $3.80, down -1.30%. 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 4.11% over the last week, with a monthly amount glided 18.75%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Grab Holdings Limited [NASDAQ: GRAB] stock has seen the most recent analyst activity on June 27, 2024, when Mizuho initiated its Outperform rating and assigned the stock a price target of $5. On January 18, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $3.80 on the stock. Barclays upgraded its rating to a Overweight but stick to its price target of $4.50 on August 24, 2023. JP Morgan upgraded its rating to a Neutral and raised its price target to $3.10 on June 22, 2023. The Benchmark Company started tracking with a Buy rating for this stock on April 21, 2023, and assigned it a price target of $4. In a note dated March 13, 2023, Macquarie initiated an Outperform rating and provided a target price of $4 on this stock.
For the past year, the stock price of Grab Holdings Limited fluctuated between $2.90 and $3.88. Currently, Wall Street analysts expect the stock to reach $6.34 within the next 12 months. Grab Holdings Limited [NASDAQ: GRAB] shares were valued at $3.80 at the most recent close of the market. An investor can expect a potential return of 66.84% based on the average GRAB price forecast.
Analyzing the GRAB fundamentals
According to Grab Holdings Limited [NASDAQ:GRAB], the company’s sales were 2.58B for trailing twelve months, which represents an 17.11% jump. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.03 and Total Capital is -0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.05.
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 3.74 points at the first support level, and at 3.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.87, and for the 2nd resistance point, it is at 3.94.
Ratios To Look Out For
It is important to note that Grab Holdings Limited [NASDAQ:GRAB] has a current ratio of 3.00. Further, the Quick Ratio stands at 2.97, while the Cash Ratio is 1.34. Considering the valuation of this stock, the price to sales ratio is 5.82, the price to book ratio is 2.40.
Transactions by insiders
Recent insider trading involved SUTHEN THOMAS PARADATHETH, Officer, that happened on Sep 11 ’24 when 33138.0 shares were purchased. Officer, ANTHONY TAN PING YEOW completed a deal on Sep 09 ’24 to buy 50000.0 shares. Meanwhile, Officer ONG CHIN YIN bought 0.15 million shares on Sep 04 ’24.
