Stocks of Grab Holdings Limited (NASDAQ:GRAB) traded higher last session on Wall Street, up 0.22% to $4.50.
GRAB stock price is now -7.67% away from the 50-day moving average and 16.93% away from the 200-day moving average. The market capitalization of the company currently stands at $17.82B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $4.90 to $5.10, BofA Securities Upgraded its rating from Underperform to Neutral for Grab Holdings Limited (NASDAQ: GRAB). On December 05, 2024, HSBC Securities Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock increasing its target price from $4.25 to quote $5.50, while ‘BofA Securities’ rates the stock as ‘Underperform’
In other news, SUTHEN THOMAS PARADATHETH, Officer bought 23,840 shares of the company’s stock on Jan 08 ’25. The stock was bought for $113,002 at an average price of $4.74. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 08 ’25, Officer ONG CHIN YIN bought 38,000 shares of the business’s stock. A total of $180,120 was incurred on buying the stock at an average price of $4.74. 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 $4.8672 and a two-hundred day moving average price translates $3.84175 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.
