To The Moon

Grab Holdings Limited (NASDAQ: GRAB) stock jumped 3.14% on Friday to $2.96 against a previous-day closing price of $2.87. With 22.46 million shares changed hands, the volume of the stock remained lighter than its average volume of 25.86 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $2.9900 whereas the lowest price it dropped to was $2.8050. The 52-week range on GRAB shows that it touched its highest point at $17.15 and its lowest point at $2.26 during that stretch. It currently has a 1-year price target of $4.31.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GRAB was down-trending over the past week, with a drop of -2.95%, but this was down by -18.23% over a month. Three-month performance surged to 16.54% while six-month performance fell -11.90%. The stock lost -72.31% in the past year, while it has lost -58.49% so far this year. A look at the trailing 12-month EPS for GRAB yields -0.80 with Next year EPS estimates of -0.29. For the next quarter, that number is -0.11. This implies an EPS growth rate of -32.20% for this year and 14.90% for next year.

Float and Shares Shorts:

At present, 3.65 billion GRAB shares are outstanding with a float of 2.77 billion shares on hand for trading. On Jul 14, 2022, short shares totaled 98.65 million, which was 2.57% higher than short shares on Jun 14, 2022. In addition to Mr. Ping Yeow Tan as the firm’s Co-Founder, Chairman & CEO, Mr. Ming-Hokng Maa serves as its Pres.

Institutional Ownership:

Through their ownership of 45.00% of GRAB’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 13.65% of GRAB, in contrast to 13.32% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in GRAB with 5.36% of the stake, Morgan Stanley Investment Managem holds 198,751,048 shares worth 198,751,048. A second-largest stockholder of GRAB, Capital Research & Management Co, holds 153,941,766 shares, controlling over 4.15% of the firm’s shares. Mitsubishi UFJ Kokusai Asset Mana is the third largest shareholder in GRAB, holding 143,231,037 shares or 3.86% stake. With a 2.47% stake in GRAB, the American Funds EuroPacific Growth is the largest stakeholder. A total of 91,672,521 shares are owned by the mutual fund manager. The Morgan Stanley Invt. Fds. – Globa, which owns about 1.45% of GRAB stock, is the second-largest Mutual Fund holder. It holds 53,858,535 shares valued at 158.88 million. American Funds New World Fund holds 1.25% of the stake in GRAB, owning 46,563,688 shares worth 137.36 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GRAB since 22 analysts follow the stock currently. There are 14 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GRAB analysts setting a high price target of $7.00 and a low target of $2.83, the average target price over the next 12 months is $4.32. Based on these targets, GRAB could surge 136.49% to reach the target high and fall by -4.39% to reach the target low. Reaching the average price target will result in a growth of 45.95% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. GRAB will report FY 2022 earnings on 03/02/2023. Analysts have provided yearly estimates in a range of -$0.25 being high and -$0.49 being low. For GRAB, this leads to a yearly average estimate of -$0.38. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Grab Holdings Limited surprised analysts by -$0.06 when it reported -$0.15 EPS against a consensus estimate of -$0.09. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.06 and the low estimate is -$0.12. The average estimate for the next quarter is thus -$0.09.

$Grab Holdings(GRAB)$