HSBC restated their hold rating on shares of Grab (NASDAQ:GRAB - Free Report) in a report released on Wednesday, Marketbeat.com reports. They currently have a $6.20 target price on the stock.
Grab Price Performance
Shares of NASDAQ GRAB traded up $0.04 during trading on Wednesday, reaching $6.39. The company had a trading volume of 52,913,090 shares, compared to its average volume of 50,942,976. Grab has a twelve month low of $3.36 and a twelve month high of $6.50. The stock has a market capitalization of $25.73 billion, a PE ratio of 159.79 and a beta of 0.84. The stock has a 50-day moving average price of $5.24 and a two-hundred day moving average price of $4.85. The company has a current ratio of 1.88, a quick ratio of 1.87 and a debt-to-equity ratio of 0.04.
Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.01 earnings per share for the quarter, hitting analysts' consensus estimates of $0.01. Grab had a return on equity of 1.75% and a net margin of 3.65%.The company had revenue of $819.00 million during the quarter, compared to analysts' expectations of $809.41 million. Grab has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Grab will post 0.05 earnings per share for the current year.
Institutional Investors Weigh In On Grab
A number of institutional investors have recently added to or reduced their stakes in GRAB. Garde Capital Inc. purchased a new stake in Grab during the first quarter valued at about $29,000. AlphaCore Capital LLC purchased a new stake in shares of Grab in the second quarter worth about $33,000. Summit Securities Group LLC boosted its position in shares of Grab by 63.6% in the first quarter. Summit Securities Group LLC now owns 8,229 shares of the company's stock worth $37,000 after buying an additional 3,199 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in Grab by 51.2% during the second 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 in the last quarter. Finally, J2 Capital Management Inc acquired a new stake in Grab during the first quarter valued at approximately $45,000. Hedge funds and other institutional investors own 55.52% of the company's stock.
Grab Company Profile
(
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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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