Grab (NASDAQ:GRAB) Sets New 52-Week High – What’s Next?

Grab Holdings Limited (NASDAQ:GRAB)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $6.62 and last traded at $6.32, with a volume of 55019817 shares traded. The stock had previously closed at $6.45.

Wall Street Analysts Forecast Growth

GRAB has been the subject of several analyst reports. HSBC restated a “hold” rating and set a $6.20 target price on shares of Grab in a research report on Wednesday, September 17th. Hsbc Global Res lowered Grab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $5.90.

Grab Price Performance

The company has a current ratio of 1.88, a quick ratio of 1.87 and a debt-to-equity ratio of 0.04. The firm has a market cap of $25.17 billion, a P/E ratio of 156.29 and a beta of 0.84. The company has a fifty day moving average price of $5.33 and a two-hundred day moving average price of $4.90.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $819.00 million for the quarter, compared to analysts’ expectations of $809.41 million. Grab had a return on equity of 1.75% and a net margin of 3.65%. Grab has set its FY 2025 guidance at EPS. Equities analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Institutional Investors Weigh In On Grab

Institutional investors have recently bought and sold shares of the company. Orion Porfolio Solutions LLC bought a new stake in shares of Grab during the 2nd quarter worth approximately $54,000. Thrivent Financial for Lutherans raised its stake in shares of Grab by 7.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 32,099 shares of the company’s stock worth $161,000 after purchasing an additional 2,300 shares in the last quarter. Marex Group plc bought a new stake in shares of Grab during the 2nd quarter worth approximately $353,000. Pitcairn Co. raised its stake in shares of Grab by 11.0% during the 2nd quarter. Pitcairn Co. now owns 20,964 shares of the company’s stock worth $105,000 after purchasing an additional 2,080 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its stake in shares of Grab by 2.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 1,284,805 shares of the company’s stock worth $6,463,000 after purchasing an additional 36,600 shares in the last quarter. Institutional investors own 55.52% of the company’s stock.

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.