Grab (NASDAQ:GRAB) Reaches New 12-Month High - Should You Buy?

Shares of Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) hit a new 52-week high during 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 Analyst Weigh In

Several equities analysts have recently commented on the stock. Hsbc Global Res cut shares of Grab from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 17th. HSBC reaffirmed a "hold" rating and set a $6.20 price target on shares of Grab in a research report on Wednesday, September 17th. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $5.90.

Grab Stock Down 2.0%

The company has a quick ratio of 1.87, a current ratio of 1.88 and a debt-to-equity ratio of 0.04. The firm has a market cap of $25.45 billion, a price-to-earnings ratio of 158.04 and a beta of 0.84. The stock's 50 day moving average is $5.29 and its 200 day moving average is $4.87.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.01 EPS for the quarter, meeting analysts' consensus estimates of $0.01. Grab had a net margin of 3.65% and a return on equity of 1.75%. The business had revenue of $819.00 million for the quarter, compared to analyst estimates of $809.41 million. Grab has set its FY 2025 guidance at EPS. Analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current year.

Hedge Funds Weigh In On Grab

Several institutional investors and hedge funds have recently added to or reduced their stakes in GRAB. Garde Capital Inc. purchased a new position in Grab during the 1st quarter worth approximately $29,000. AlphaCore Capital LLC acquired a new stake in shares of Grab during the 2nd quarter valued at $33,000. Summit Securities Group LLC boosted its stake in shares of Grab by 63.6% during the 1st quarter. Summit Securities Group LLC now owns 8,229 shares of the company's stock valued at $37,000 after buying an additional 3,199 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of Grab by 51.2% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 7,780 shares of the company's stock valued at $39,000 after buying an additional 2,634 shares during the period. Finally, J2 Capital Management Inc acquired a new stake in shares of Grab during the 1st quarter valued at $45,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

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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