Grab (NASDAQ:GRAB) Reaches New 1-Year High - Should You Buy?

Shares of Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $3.88 and last traded at $3.87, with a volume of 13603242 shares changing hands. The stock had previously closed at $3.73.

Analyst Ratings Changes

A number of analysts recently commented on GRAB shares. Jefferies Financial Group dropped their price target on Grab from $5.00 to $4.70 and set a "buy" rating on the stock in a report on Wednesday, July 17th. Benchmark reaffirmed a "buy" rating and set a $6.00 target price on shares of Grab in a research report on Wednesday, September 11th. Finally, Mizuho began coverage on shares of Grab in a report on Thursday, June 27th. They issued an "outperform" rating and a $5.00 price target on the stock. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $4.71.

Grab Stock Up 8.0 %

The firm has a market capitalization of $15.81 billion, a PE ratio of -57.71 and a beta of 0.83. The stock has a 50-day simple moving average of $3.48 and a 200-day simple moving average of $3.49. The company has a quick ratio of 2.97, a current ratio of 3.00 and a debt-to-equity ratio of 0.03.

Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings data on Thursday, August 15th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $664.00 million during the quarter, compared to analyst estimates of $674.17 million. Grab had a negative return on equity of 3.35% and a negative net margin of 8.24%. The firm's revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.03) EPS. Analysts forecast that Grab Holdings Limited will post -0.04 EPS for the current year.

Institutional Trading of Grab

Several hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. grew its stake in Grab by 53.6% in the 3rd quarter. Blue Trust Inc. now owns 9,767 shares of the company's stock valued at $35,000 after buying an additional 3,408 shares in the last quarter. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Grab in the first quarter valued at $32,000. Miracle Mile Advisors LLC bought a new stake in shares of Grab during the 1st quarter valued at $32,000. Sage Rhino Capital LLC bought a new stake in shares of Grab during the 2nd quarter valued at $38,000. Finally, Callan Capital LLC purchased a new stake in Grab during the 1st quarter worth about $34,000. Institutional investors own 55.52% of the company's stock.

About Grab

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.