While Grab Holdings Limited has underperformed by -0.97%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GRAB fell by -4.06%, with highs and lows ranging from $3.92 to $2.65, whereas the simple moving average fell by -7.85% in the last 200 days.
On January 18, 2024, JP Morgan Upgraded Grab Holdings Limited (NASDAQ: GRAB) to Overweight. A report published by Barclays on August 24, 2023, Upgraded its rating to ‘Overweight’ for GRAB. JP Morgan also Upgraded GRAB shares as ‘Neutral’, setting a target price of $3.10 on the company’s shares in a report dated June 22, 2023. The Benchmark Company Initiated an Buy rating on April 21, 2023, and assigned a price target of $4. Macquarie initiated its ‘Outperform’ rating for GRAB, as published in its report on March 13, 2023. JP Morgan’s report from February 02, 2023 suggests a price prediction of $2.80 for GRAB shares, giving the stock a ‘Underweight’ rating. BofA Securities also rated the stock as ‘Buy’.
Analysis of Grab Holdings Limited (GRAB)
Further, the quarter-over-quarter increase in sales is 30.08%, showing a positive trend in the upcoming months.
Grab Holdings Limited’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -6.65% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.87, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and GRAB has an average volume of 20.54M. On a monthly basis, the volatility of the stock is set at 3.45%, whereas on a weekly basis, it is put at 2.77%, with a loss of -3.76% over the past seven days. Furthermore, long-term investors anticipate a median target price of $4.65, showing growth from the present price of $3.07, which can serve as yet another indication of whether GRAB is worth investing in or should be passed over.
How Do You Analyze Grab Holdings Limited Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 49.40%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 36.56% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GRAB shares are owned by institutional investors to the tune of 36.56% at present.
