For Grab Holdings Limited [GRAB], Analyst sees a rise to $3.20. What next?


Grab Holdings Limited [NASDAQ: GRAB] gained 5.47% on the last trading session, reaching $2.89 price per share at the time. The company report on June 13, 2022 that Grab awarded “AA” MSCI ESG rating.

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Grab Holdings Limited (NASDAQ: GRAB) announced today it has received an MSCI ESG Rating of “AA”. The rating is the second-highest MSCI ESG rating attainable by an organization, and it affirms Grab’s actions and commitment in the sustainability space.

MSCI ESG Research provides MSCI ESG Ratings on global public and a few private companies on a scale of AAA (leader) to CCC (laggard), according to exposure to industry-specific ESG risks and the ability to manage those risks relative to peers. Learn more about MSCI ESG ratings here.

Grab Holdings Limited represents 3.85 billion in outstanding shares, while the company has a total market value of $10.52 billion with the latest information. GRAB stock price has been found in the range of $2.74 to $2.97.

If compared to the average trading volume of 24.79M shares, GRAB reached a trading volume of 38873879 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Grab Holdings Limited [GRAB]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GRAB shares is $4.69 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GRAB stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Deutsche Bank have made an estimate for Grab Holdings Limited shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 17, 2022. While these analysts kept the previous recommendation, China Renaissance raised their target price to Buy. The new note on the price target was released on June 06, 2022, representing the official price target for Grab Holdings Limited stock. Previously, the target price had yet another raise to $3.04, while Bernstein analysts kept a Outperform rating on GRAB stock.

The Average True Range (ATR) for Grab Holdings Limited is set at 0.28, with the Price to Sales ratio for GRAB stock in the period of the last 12 months amounting to 15.59. The Price to Book ratio for the last quarter was 1.46, with the Price to Cash per share for the same quarter was set at 2.06.

Trading performance analysis for GRAB stock

Grab Holdings Limited [GRAB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 22.98. With this latest performance, GRAB shares gained by 13.33% in over the last four-week period, additionally sinking by -60.63% over the last 6 months – not to mention a drop of -75.40% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GRAB stock in for the last two-week period is set at 54.75, with the RSI for the last a single of trading hit 59.39, and the three-weeks RSI is set at 51.54 for Grab Holdings Limited [GRAB]. The present Moving Average for the last 50 days of trading for this stock 2.78, while it was recorded at 2.65 for the last single week of trading.

Grab Holdings Limited [GRAB]: A deeper dive into fundamental analysis

Reflecting on the efficiency of the workforce at the company, Grab Holdings Limited [GRAB] managed to generate an average of -$65,499,944 per employee.Grab Holdings Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 8.00 and a Current Ratio set at 8.10.

An analysis of insider ownership at Grab Holdings Limited [GRAB]

There are presently around $4,748 million, or 44.80% of GRAB stock, in the hands of institutional investors. The top three institutional holders of GRAB stocks are: SB INVESTMENT ADVISERS (UK) LTD with ownership of 699,175,218, which is approximately 0% of the company’s market cap and around 28.10% of the total institutional ownership; MORGAN STANLEY, holding 319,918,055 shares of the stock with an approximate value of $924.56 million in GRAB stocks shares; and MUFG BANK, LTD., currently with $413.02 million in GRAB stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Grab Holdings Limited stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 144 institutional holders increased their position in Grab Holdings Limited [NASDAQ:GRAB] by around 360,533,185 shares. Additionally, 80 investors decreased positions by around 168,524,777 shares, while 31 investors held positions by with 1,113,984,664 shares. The mentioned changes placed institutional holdings at 1,643,042,626 shares, according to the latest SEC report filing. GRAB stock had 109 new institutional investments in for a total of 130,937,670 shares, while 53 institutional investors sold positions of 50,069,921 shares during the same period.