Grab Holdings Limited (NASDAQ:GRAB) shares traded 3.60% higher at $5.18 on Wall Street last session.
GRAB stock price is now 22.00% away from the 50-day moving average and 43.57% away from the 200-day moving average. The market capitalization of the company currently stands at $19.80B.
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With the price target maintained at $4.90, BofA Securities recently Downgraded its rating from Buy to Underperform for Grab Holdings Limited (NASDAQ: GRAB). On November 21, 2024, China Renaissance Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $5.40, while ‘Daiwa Securities’ rates the stock as ‘Outperform’
In other news, SUTHEN THOMAS PARADATHETH, Officer bought 200,000 shares of the company’s stock on Nov 27 ’24. The stock was bought for $1,051,440 at an average price of $5.26. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 19 ’24, Officer ANTHONY PING YEOW TAN bought 1,000,000 shares of the business’s stock. A total of $4,990,000 was incurred on buying the stock at an average price of $4.99. 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 $5.72. 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 $4.2152 and a two-hundred day moving average price translates $3.599625 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.
