In yesterday’s Wall Street session, Grab Holdings Limited (NASDAQ:GRAB) shares traded at $4.99, up 5.50% from the previous session.
GRAB stock price is now 26.95% away from the 50-day moving average and 41.73% away from the 200-day moving average. The market capitalization of the company currently stands at $19.76B.
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With the price target of $4.60, Daiwa Securities recently initiated with Outperform rating for Grab Holdings Limited (NASDAQ: GRAB). On June 27, 2024, Mizuho recently initiated its ‘Outperform’ rating on the stock quoting a target price of $5, while ‘Deutsche Bank’ rates the stock as ‘Buy’
In other news, SUTHEN THOMAS PARADATHETH8 SIN, Officer bought 400,000 shares of the company’s stock on Nov 14 ’24. The stock was bought for $1,913,120 at an average price of $4.78. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14 ’24, Officer ONG CHIN YIN bought 80,000 shares of the business’s stock. A total of $384,056 was incurred on buying the stock at an average price of $4.80. A total of 40.06% 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 $4.93. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 2.70, and a quick ratio of 2.67. The fifty day moving average price for GRAB is $3.898 and a two-hundred day moving average price translates $3.511925 for the stock.
The latest earnings results from Grab Holdings Limited (NASDAQ: GRAB) was released for 2024-09-30. The net profit margin was -3.57% and return on equity was -1.52% for GRAB. The company reported revenue of $716.0 million for the quarter, compared to $615.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.42 percent.
