time to grab?

Grab recently reported its earnings for the first quarter of 2024 (2024Q1). Here are some key financial indicators:

Earnings per share: -$0.03

Gross profit margin: 39.66%

Net profit margin: -15.93%

Return on equity (ROE): -6.54%

Total liabilities to total assets ratio: 4.50%

Quick ratio: 3.03

Current ratio: 3.26

Total asset turnover: 0.31

Comparing these figures to the same period last year (2023Q1), Grab has shown improvement in its earnings per share and profitability. The gross profit margin has increased, and the net profit margin has improved. The return on equity has also shown a positive trend.

Relevant Articles:

GRAB Earnings: Grab Rises After Hiking Outlook: This article discusses Grab's first-quarter earnings and the positive outlook for the company.

Reported Late Wednesday, Grab Hldgs Q1 EPS $(0.03) Up From $(0.06) YoY, Sales $653.00M Beat $636.80M Estimate: This article provides a summary of Grab's first-quarter earnings, highlighting the improvement in earnings per share and sales.

looking at $Grab Holdings(GRAB)$  pnf chart, it broke above resistance zone and seems bound for 3.87. a pullback of the whole market after making new highs will see it retrace back to 3.24. 

the daily candlestick chart of grab shows a crossover of 50 day moving average above 200 day moving average. this is a bullish sign for technical analysis.

$Invesco QQQ Trust-ETF(QQQ)$  is the etf that tracks nasdaq100 tech stocks. it broke above resistance zone on fed pivot hopes. a pullback will see it retrace to 428. 

do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.

merci @TigerStars  @Daily_Discussion  @TigerWire  @koolgal  @Asphen