Grab Holdings Limited (NASDAQ:GRAB) shares traded 8.16% higher at $5.30 on Wall Street last session.
GRAB stock price is now 9.66% away from the 50-day moving average and 32.10% away from the 200-day moving average. The market capitalization of the company currently stands at $20.99B.
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On February 04, 2025, HSBC Securities Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock reducing its target price from $5.50 to quote $5.45, while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, SUTHEN THOMAS PARADATHETH, Officer bought 23,641 shares of the company’s stock on Feb 12 ’25. The stock was bought for $113,004 at an average price of $4.78. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 10 ’25, Director ANTHONY PING YEOW TAN bought 50,000 shares of the business’s stock. A total of $239,500 was incurred on buying the stock at an average price of $4.79. A total of 40.05% of the company’s stock is owned by insiders.
During the past 12 months, Grab Holdings Limited has had a low of $2.98 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 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. For the current quarter, analysts expect GRAB to generate $756.68M in revenue.
