Grab Holdings Limited (NASDAQ:GRAB) traded at $3.92 at close of the session on Monday, 04/04/22, made an upward move of 12.97% on its previous day’s price.
Looking at the stock we see that its previous close was $3.47 with the day’s price range being $3.55 – $3.92. In terms of its 52-week price range, GRAB has a high of $17.15 and a low of $2.95. The company’s stock has gained about 16.67% over that past 30 days.According to analysts at Emergen Research, the metaverse market could be worth up to $828.95 billion by 2028.
Grab Holdings Limited has a market cap of $14.79 billion and is expected to release its quarterly earnings report on Sep 13, 2021. Estimates by analysts give the company expected earnings per share (EPS) of $0, with the EPS growth for the year raised at -$0.64 for 2021 and -$0.23 for next year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term.
Based on estimates by 15 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 3 have rated the Grab Holdings Limited (GRAB) stock as a Hold, while 11 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 12.39% off its SMA20 and -16.09% from its 50-day simple moving average. The RSI (14) is pointing at 49.23 while the volatility over the past week is 9.21% and jumps to 10.05% over the past one month. The average price target for the stock over the next 12 months is $6.51, with the estimates having a low of $3.60 and a high of $11.00. These price ends are 8.16% and -180.61% off the current price level respectively, although investors could be excited at the prospect of a -73.47% if the GRAB share price touches on the median price of $6.80.
Coming back to Grab Holdings Limited (NASDAQ:GRAB), we note that the average 3-month trading volume was 26.32 million, while that of the preceding 10-day period stands at 15.27 million. Current shares outstanding are 3.74 billion.
The insiders hold 28.71% of the company’s shares while institutions hold 40.50%. The data shows that short shares as of Jan 13, 2022, stood at 53.33 million at a short ratio of 3.29. This represents a 1.43% short interest in shares outstanding on Jan 13, 2022. Shares short rose in January from the previous month at 29.46 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -45.02% down in year-to-date price movement.$Grab Holdings(GRAB)$
source：stocksregister
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