Grab Holdings Limited [NASDAQ: GRAB] traded at a low on Friday, posting a 0.00 loss after which it closed the day’ session at $4.73.
The results of the trading session contributed to over 54220140 shares changing hands. Over the past one week, the price volatility of Grab Holdings Limited stands at 5.09% while the volatility over the past one month is 3.71%.
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The market cap for GRAB stock reached $18.73 billion, with 3.81 billion shares outstanding and 2.37 billion shares in the current float. Compared to the average trading volume of 30.82M shares, GRAB reached a trading volume of 54220140 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $5.34 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 1.36. 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.
Daiwa Securities have made an estimate for Grab Holdings Limited shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 23, 2024. While these analysts kept the previous recommendation, Mizuho raised their target price to Outperform. The new note on the price target was released on June 27, 2024, representing the official price target for Grab Holdings Limited stock. Previously, the target price had yet another raise to $4.50, while Deutsche Bank analysts kept a Buy rating on GRAB stock. On January 18, 2024, analysts increased their price target for GRAB shares from 3.60 to 3.80.
The Average True Range (ATR) for Grab Holdings Limited is set at 0.17, with the Price to Sales ratio for GRAB stock in the period of the last 12 months amounting to 6.97. The Price to Book ratio for the last quarter was 3.00, with the Price to Cash per share for the same quarter was set at 1.43. Price to Free Cash Flow for GRAB in the course of the last twelve months was 28.17 with Quick ratio for the last quarter at 2.67.
How has GRAB stock performed recently?
Grab Holdings Limited [GRAB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.82. With this latest performance, GRAB shares gained by 30.66% in over the last four-week period, additionally plugging by 27.15% over the last 6 months – not to mention a rise of 38.30% 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 74.50, with the RSI for the last a single of trading hit 74.21, and the three-weeks RSI is set at 73.78 for Grab Holdings Limited [GRAB]. The present Moving Average for the last 50 days of trading for this stock 3.90, while it was recorded at 4.72 for the last single week of trading, and 3.51 for the last 200 days.
Grab Holdings Limited [GRAB]: Deeper insight into the fundamentals
Grab Holdings Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.67 and a Current Ratio set at 2.70.
Insider trade positions for Grab Holdings Limited [GRAB]
The top three institutional holders of GRAB stocks are: SB INVESTMENT ADVISERS (UK) LTD with ownership of 401.8 million shares, which is approximately 10.2099%. MORGAN STANLEY, holding 198.42 million shares of the stock with an approximate value of $$704.39 million in GRAB stocks shares; and MORGAN STANLEY, currently with $$507.34 million in GRAB stock with ownership which is approximately 3.6315%.
