Investors in cash trouble should check out Grab Holdings Limited (GRAB)

Grab Holdings Limited (NASDAQ: GRAB) stock fell -3.74% on Tuesday to $3.60 against a previous-day closing price of $3.74. With 11.91 million shares changed hands, the volume of the stock remained lighter than its average volume of 16.43 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $3.7000 whereas the lowest price it dropped to was $3.5700. The 52-week range on GRAB shows that it touched its highest point at $6.61 and its lowest point at $2.19 during that stretch. It currently has a 1-year price target of $4.28.

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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 -9.32%, but this was up by 15.38% over a month. Three-month performance surged to 52.54% while six-month performance rose 30.91%. The stock lost -35.71% in the past year, while it has gained 11.80% so far this year. A look at the trailing 12-month EPS for GRAB yields -0.84 with Next year EPS estimates of -0.24. For the next quarter, that number is -0.07. This implies an EPS growth rate of -32.20% for this year and 41.00% for next year.

Float and Shares Shorts:

At present, 4.09 billion GRAB shares are outstanding with a float of 2.79 billion shares on hand for trading. On Oct 13, 2022, short shares totaled 93.35 million, which was 2.42% higher than short shares on Sep 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 47.62% of GRAB’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 15.25% of GRAB, in contrast to 11.94% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in GRAB with 5.77% of the stake, Morgan Stanley Investment Managem holds 214,865,297 shares worth 214,865,297. A second-largest stockholder of GRAB, Mitsubishi UFJ Kokusai Asset Mana, holds 143,359,951 shares, controlling over 3.85% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in GRAB, holding 122,203,232 shares or 3.28% stake. With a 2.17% stake in GRAB, the American Funds EuroPacific Growth is the largest stakeholder. A total of 80,554,973 shares are owned by the mutual fund manager. The American Funds New World Fund, which owns about 1.58% of GRAB stock, is the second-largest Mutual Fund holder. It holds 58,918,735 shares valued at 189.72 million. Morgan Stanley Invt. Fds. – Globa holds 1.37% of the stake in GRAB, owning 51,042,935 shares worth 164.36 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GRAB since 25 analysts follow the stock currently. There are 17 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 2 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 $6.00 and a low target of $2.65, the average target price over the next 12 months is $4.23. Based on these targets, GRAB could surge 66.67% to reach the target high and fall by -26.39% to reach the target low. Reaching the average price target will result in a growth of 17.5% 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 02/29/2024. Analysts have provided yearly estimates in a range of -$0.23 being high and -$0.51 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 $0.02 when it reported -$0.08 EPS against a consensus estimate of -$0.10. The surprise factor in the prior quarter was -$0.06. The average estimate for the next quarter is thus -$0.06.

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