Grab Holdings Limited (NASDAQ:GRAB) does about 26.93M shares in volume on a normal day but saw 12510788 shares change hands in Monday trading. The company now has a market cap of 13.93B USD. Its current market price is $3.53, marking no change compared to the previous close of $3.53. The 52 week high reached by this stock is $3.92 whilst the lowest price level in 52 weeks is $2.67.
Grab Holdings Limited (GRAB) has a 20-day trading average at $3.41 and the current price is -9.95% off the 52-week high compared with 32.21% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.27 and its 200-day simple moving average is $3.33. If we look at the stock’s price movements over the week, volatility stands at 1.61%, which increases to 2.74% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 65.15 to suggest the stock is neutral.
The consensus objective for the share price is $4.66, suggesting that the stock has a potential upside of 24.25% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 18, 2024 when JP Morgan upgraded the stock to “Overweight” and issued a price target of between $3.60 and $3.80. Barclays also upgraded the stock to “Overweight” from Equal Weight on August 24, 2023 at a price target of $4.50. JP Morgan upgraded its price target at $2.55-$3.10.
Grab Holdings Limited (GRAB) stock is up 0.86% over the week and 8.95% over the past month. Its price is 4.75% year-to-date and 18.46% over the past year.
To reach the target analysts have set, the stock logically needs to grow 24.25 percent from here.
The company has a return on investment of -6.10% and return on equity of -6.65%. The forward price to earnings ratio is 121.14. The beta has a value of 0.81. Price to book ratio is 2.15 and price to sales ratio is 5.90.
