On May 19, 2023, Grab Holdings Limited (NASDAQ: GRAB) opened at $2.85, higher 0.36% from the last session. During the day, the shares moved up to $2.98 and dropped to $2.75 before settling in for the closing price of $2.74. Price fluctuations for GRAB have ranged from $2.19 to $4.03 over the past 52 weeks.
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Company’s average yearly earnings per share was noted 52.10% at the time writing. With a float of $2.68 billion, this company’s outstanding shares have now reached $3.85 billion.
Let’s determine the extent of company efficiency that accounts for 11934 employees. In terms of profitability, gross margin is +5.37, operating margin of -91.77, and the pretax margin is -120.45.
Grab Holdings Limited (GRAB) Insider Activity
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Grab Holdings Limited is 27.55%, while institutional ownership is 48.00%.
Grab Holdings Limited (GRAB) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 3/30/2023, the company posted -$0.06 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.06) by $0. This company achieved a net margin of -117.45 while generating a return on equity of -23.48. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 52.10% per share during the next fiscal year.
Grab Holdings Limited (NASDAQ: GRAB) Trading Performance Indicators
Check out the current performance indicators for Grab Holdings Limited (GRAB). In the past quarter, the stock posted a quick ratio of 5.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.41.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.44, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach -0.11 in one year’s time.
Technical Analysis of Grab Holdings Limited (GRAB)
Looking closely at Grab Holdings Limited (NASDAQ: GRAB), its last 5-days average volume was 32.78 million, which is a jump from its year-to-date volume of 16.61 million. As of the previous 9 days, the stock’s Stochastic %D was 26.59%. Additionally, its Average True Range was 0.18.
During the past 100 days, Grab Holdings Limited’s (GRAB) raw stochastic average was set at 7.61%, which indicates a significant decrease from 11.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 87.64% in the past 14 days, which was higher than the 58.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.96, while its 200-day Moving Average is $3.10. However, in the short run, Grab Holdings Limited’s stock first resistance to watch stands at $2.91. Second resistance stands at $3.06. The third major resistance level sits at $3.14. If the price goes on to break the first support level at $2.68, it is likely to go to the next support level at $2.60. Should the price break the second support level, the third support level stands at $2.45.
Grab Holdings Limited (NASDAQ: GRAB) Key Stats
There are currently 3,747,115K shares outstanding in the company with a market cap of 10.62 billion. Presently, the company’s annual sales total 1,433 M according to its annual income of -1,683 M. Last quarter, the company’s sales amounted to 502,000 K and its income totaled -374,000 K.
