With 56.33 million shares changed hands, the volume of the stock remained heavier than its average volume of 33.63 million shares. The 52-week range on GRAB shows that it touched its highest point at $5.72 and its lowest point at $2.98 during that stretch. It currently has a 1-year price target of $5.83. Beta for the stock currently stands at 0.90.
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 -1.21%, but this was up by 5.15% over a month. Three-month performance dropped to -1.80% while six-month performance rose 51.70%. The stock gained 40.40% in the past year, while it has gained 3.81% so far this year. A look at the trailing 12-month EPS for GRAB yields -0.02 with Next year EPS estimates of 0.12. For the next quarter, that number is -0.00. This implies an EPS growth rate of 323.35% for this year and 98.85% for next year.
Float and Shares Shorts:
At present, 3.95 billion GRAB shares are outstanding with a float of 2.37 billion shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.02625878 being high and -$0.035496 being low. For GRAB, this leads to a yearly average estimate of -$0.030877389999999998. Based on analyst estimates, the high estimate for the next quarter is $0.01 and the low estimate is $0.01. The average estimate for the next quarter is thus $0.01.
