Grab (NASDAQ:GRAB - Get Free Report) issued its earnings results on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.01, Zacks reports. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. The business had revenue of $764.00 million during the quarter, compared to analysts' expectations of $762.57 million. Grab updated its FY 2025 guidance to EPS.
Grab Trading Up 2.5 %
NASDAQ GRAB traded up $0.12 during trading hours on Friday, hitting $4.90. 56,373,621 shares of the company's stock were exchanged, compared to its average volume of 36,315,199. The stock has a 50-day simple moving average of $4.76 and a 200 day simple moving average of $4.28. Grab has a 1-year low of $2.98 and a 1-year high of $5.72. The firm has a market cap of $19.73 billion, a price-to-earnings ratio of -245.00, a PEG ratio of 2.23 and a beta of 0.90. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04.
Analyst Ratings Changes
A number of equities analysts have issued reports on GRAB shares. JPMorgan Chase & Co. raised Grab from a "neutral" rating to an "overweight" rating and set a $5.60 target price for the company in a report on Friday. HSBC raised Grab from a "hold" rating to a "buy" rating and decreased their price target for the company from $5.50 to $5.45 in a research note on Tuesday, February 4th. Bank of America raised Grab from an "underperform" rating to a "neutral" rating and increased their price target for the company from $4.90 to $5.10 in a research note on Tuesday, January 7th. China Renaissance cut Grab from a "buy" rating to a "hold" rating and set a $5.40 price target for the company. in a research note on Thursday, November 21st. Finally, Barclays increased their price target on Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Grab has a consensus rating of "Moderate Buy" and a consensus target price of $5.62.
View Our Latest Analysis on Grab
Grab Company Profile
(
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Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.
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