Shares of Grab Holdings Limited (NASDAQ:GRAB – Get Free Report) saw unusually-strong trading volume on Wednesday after Mizuho raised their price target on the stock from $5.00 to $6.00. Mizuho currently has an outperform rating on the stock. Approximately 15,538,405 shares changed hands during trading, a decline of 36% from the previous session’s volume of 24,228,771 shares.The stock last traded at $4.80 and had previously closed at $4.89.
Several other research firms also recently issued reports on GRAB. Daiwa Capital Markets started coverage on shares of Grab in a report on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of Grab from $5.00 to $5.70 and gave the stock an “overweight” rating in a report on Tuesday. Evercore ISI increased their price target on shares of Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a report on Tuesday. Benchmark reissued a “buy” rating and issued a $6.00 price target on shares of Grab in a report on Tuesday. Finally, Jefferies Financial Group reduced their price target on shares of Grab from $5.00 to $4.70 and set a “buy” rating for the company in a report on Wednesday, July 17th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $5.39.
View Our Latest Stock Analysis on GRAB
Institutional Investors Weigh In On Grab
Grab Price Performance
The company’s fifty day moving average is $3.81 and its 200 day moving average is $3.59. The firm has a market cap of $18.83 billion, a price-to-earnings ratio of -244.50 and a beta of 0.81. The company has a quick ratio of 2.97, a current ratio of 3.00 and a debt-to-equity ratio of 0.03.
Grab (NASDAQ:GRAB – Get Free Report) last posted its quarterly earnings results on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $716.00 million for the quarter, compared to analyst estimates of $705.40 million. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. During the same period in the prior year, the firm posted ($0.02) earnings per share. On average, equities research analysts predict that Grab Holdings Limited will post -0.04 EPS for the current year.
About Grab
Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.
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