Grab (NASDAQ:GRAB) Sees Strong Trading Volume – Should You Buy?

Shares of Grab Holdings Limited (NASDAQ:GRAB) saw unusually-high trading volume on Wednesday . Approximately 32,650,590 shares traded hands during mid-day trading, an increase of 29% from the previous session’s volume of 25,256,729 shares.The stock last traded at $5.42 and had previously closed at $5.46.

Analyst Ratings Changes

GRAB has been the subject of several recent research reports. Daiwa Capital Markets initiated coverage on Grab in a research note on Wednesday, October 23rd. They issued an “outperform” rating and a $4.60 price target for the company. Evercore ISI upped their price target on shares of Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Barclays increased their price objective on Grab from $4.70 to $5.50 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Bank of America cut shares of Grab from a “buy” rating to an “underperform” rating and set a $4.90 price target on the stock. in a research report on Friday. Finally, Mizuho increased their price objective on shares of Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Grab presently has an average rating of “Moderate Buy” and an average target price of $5.42.

Grab Price Performance

The firm has a market capitalization of $21.58 billion, a PE ratio of -283.46 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The business’s 50 day moving average is $4.06 and its two-hundred day moving average is $3.67.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. The business had revenue of $716.00 million during the quarter, compared to analyst estimates of $705.40 million. During the same period in the previous year, the business earned ($0.02) EPS. Equities research analysts anticipate that Grab Holdings Limited will post -0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of Grab by 53.6% during the 3rd quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock worth $35,000 after acquiring an additional 3,408 shares during the last quarter. Sage Rhino Capital LLC bought a new stake in shares of Grab during the 2nd quarter worth $38,000. Traynor Capital Management Inc. bought a new stake in shares of Grab during the 3rd quarter worth $41,000. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Grab by 37.0% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 14,061 shares of the company’s stock worth $50,000 after acquiring an additional 3,795 shares during the last quarter. Finally, Prospect Financial Services LLC purchased a new position in Grab in the 2nd quarter worth $53,000. 55.52% of the stock is owned by institutional investors.

Grab Company Profile

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.