At the time of writing, Grab Holdings Limited [GRAB] stock is trading at $5.29, up 2.12%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GRAB shares have gain 2.92% over the last week, with a monthly amount glided 29.98%, 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 November 22, 2024, when BofA Securities downgraded its rating to a Underperform but kept the price target unchanged to $4.90 for it. Previously, China Renaissance downgraded its rating to Hold on November 21, 2024, and kept the price target unchanged to $5.40. On October 23, 2024, Daiwa Securities initiated with a Outperform rating and assigned a price target of $4.60 on the stock. Mizuho started tracking the stock assigning a Outperform rating and suggested a price target of $5 on June 27, 2024. JP Morgan upgraded its rating to Overweight for this stock on January 18, 2024, and upped its price target to $3.80. In a note dated August 24, 2023, Barclays upgraded an Overweight rating on this stock but restated the target price of $4.50.
For the past year, the stock price of Grab Holdings Limited fluctuated between $2.90 and $5.72. Currently, Wall Street analysts expect the stock to reach $6.12 within the next 12 months. Grab Holdings Limited [NASDAQ: GRAB] shares were valued at $5.29 at the most recent close of the market. An investor can expect a potential return of 15.69% based on the average GRAB price forecast.
Analyzing the GRAB fundamentals
According to Grab Holdings Limited [NASDAQ:GRAB], the company’s sales were 2.69B for trailing twelve months, which represents an 16.42% jump. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at -0.07%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.02 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 5.18 points at the first support level, and at 5.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.36, and for the 2nd resistance point, it is at 5.44.
Ratios To Look Out For
It is important to note that Grab Holdings Limited [NASDAQ:GRAB] has a current ratio of 2.70. As well, the Quick Ratio is 2.67, while the Cash Ratio is 1.19. Considering the valuation of this stock, the price to sales ratio is 7.80, the price to book ratio is 3.35.
Transactions by insiders
Recent insider trading involved SUTHEN THOMAS PARADATHETH, Officer, that happened on Nov 27 ’24 when 0.2 million shares were purchased. Officer, ANTHONY PING YEOW TAN completed a deal on Nov 19 ’24 to buy 1.0 million shares. Meanwhile, Officer SUTHEN THOMAS PARADATHETH8 SIN bought 0.4 million shares on Nov 14 ’24.
