Grab Holdings Limited (NASDAQ:GRAB – Get Free Report) was the recipient of unusually large options trading on Tuesday. Stock traders acquired 15,532 call options on the stock. This represents an increase of 98% compared to the average volume of 7,853 call options.
Grab Stock Down 0.8 %
Shares of NASDAQ:GRAB opened at $3.50 on Wednesday. Grab has a 1 year low of $2.67 and a 1 year high of $3.92. The stock has a 50-day simple moving average of $3.27 and a 200-day simple moving average of $3.23. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.87 and a current ratio of 3.90. The stock has a market capitalization of $13.73 billion, a P/E ratio of -35.00 and a beta of 0.81.
Grab (NASDAQ:GRAB – Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.03. Grab had a negative net margin of 18.43% and a negative return on equity of 6.77%. The company had revenue of $653.00 million during the quarter, compared to the consensus estimate of $633.82 million. During the same period in the previous year, the firm earned ($0.10) earnings per share. Grab’s revenue for the quarter was up 30.1% on a year-over-year basis. Equities analysts forecast that Grab will post 0.01 earnings per share for the current year.
Institutional Trading of Grab
Analyst Ratings Changes
Several analysts have commented on the company. Benchmark restated a “buy” rating and issued a $6.00 price target on shares of Grab in a report on Monday. Barclays lowered their target price on shares of Grab from $4.50 to $4.30 and set an “overweight” rating for the company in a report on Monday, February 5th. HSBC reaffirmed a “buy” rating and set a $4.30 price target on shares of Grab in a research note on Thursday, April 4th. Finally, JPMorgan Chase & Co. raised shares of Grab from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $3.60 to $3.80 in a research note on Thursday, January 18th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Grab has a consensus rating of “Buy” and a consensus target price of $5.10.
Read Our Latest Stock Report on GRAB
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.
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