In yesterday’s Wall Street session, Grab Holdings Limited (NASDAQ:GRAB) shares traded at $3.26, up 0.62% from the previous session.
GRAB stock price is now -6.46% away from the 50-day moving average and -1.89% away from the 200-day moving average. The market capitalization of the company currently stands at $12.89B.
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With the price target of $5, Mizuho recently initiated with Outperform rating for Grab Holdings Limited (NASDAQ: GRAB). , while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, ANTHONY TAN PING YEOW, Chief Executive Officer and Ch bought 50,000 shares of the company’s stock on Aug 08 ’24. The stock was bought for $158,500 at an average price of $3.17. A total of 42.62% of the company’s stock is owned by insiders.
During the past 12 months, Grab Holdings Limited has had a low of $2.90 and a high of $3.88. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 3.26, and a quick ratio of 3.22. The fifty day moving average price for GRAB is $3.4774 and a two-hundred day moving average price translates $3.3226 for the stock.
The latest earnings results from Grab Holdings Limited (NASDAQ: GRAB) was released for 2024-03-31. The net profit margin was -11.82% and return on equity was -4.61% for GRAB. The company reported revenue of $653.0 million for the quarter, compared to $525.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.38 percent. For the current quarter, analysts expect GRAB to generate $673.24M in revenue.
