With 34.42 million shares changed hands, the volume of the stock remained lighter than its average volume of 37.72 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $5.19 whereas the lowest price it dropped to was $5.032. The 52-week range on GRAB shows that it touched its highest point at $5.72 and its lowest point at $2.90 during that stretch. It currently has a 1-year price target of $5.50. Beta for the stock currently stands at 0.90.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GRAB was down-trending over the past week, with a drop of -3.75%, but this was up by 8.46% over a month. Three-month performance surged to 43.70% while six-month performance rose 42.90%. The stock gained 63.38% in the past year, while it has gained 52.23% so far this year. A look at the trailing 12-month EPS for GRAB yields -0.02 with Next year EPS estimates of 0.04. For the next quarter, that number is 0.01. This implies an EPS growth rate of 70.26% for this year and 230.46% for next year.
Float and Shares Shorts:
At present, 3.91 billion GRAB shares are outstanding with a float of 2.37 billion shares on hand for trading. On 2024-11-29, short shares totaled 86.3 million, which was 213.99999999999997 higher than short shares on 1730332800. In addition to Mr. Ping Yeow Tan as the firm’s Co-Founder, Chairman & CEO, Mr. Peter Oey serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.54763 of GRAB’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, GRAB reported revenue of $716000000.0 and operating income of $22000000.0. The EBITDA in the recently reported quarter was $74000000.0 and diluted EPS was $0.01.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GRAB since 7 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GRAB analysts setting a high price target of 8.0 and a low target of 4.23, the average target price over the next 12 months is 5.52376. Based on these targets, GRAB could surge 55.95% to reach the target high and fall by -17.54% to reach the target low. Reaching the average price target will result in a growth of 7.68% from current levels.
Analysts have provided yearly estimates in a range of -$0.03149965 being high and -$0.03577142 being low. For GRAB, this leads to a yearly average estimate of -$0.032717. Based on analyst estimates, the high estimate for the next quarter is $0.0 and the low estimate is $0.0. The average estimate for the next quarter is thus $0.0.
