Why Grab Holdings Limited [GRAB] A good pick for investors after the new price target of $4.19

Grab Holdings Limited [NASDAQ: GRAB] The loss closed at $3.21 by -0.31% or -0.01 point with a heavy trading volume of 12791048 shares. The company reported on November 16, 2022 that Grab presented its third quarter 2022 results.

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Q3 revenue of a record $382 million, up 143% year-over-year.

It opened the trading session at $3.20, shares rose to $3.28 and fell to $3.15, the range by which the stock price traded throughout the day. The daily chart of GRAB shows that the company has registered a loss of 0.00% in the last six months. However, it is still -46.58% lower than its most recent trading low.

If we look at the average trading volume of 19.99M shares, GRAB reached a volume of 12791048 in the most recent trading day which is why market watchdogs consider the stock active.

What top equity market gurus are saying about Grab Holdings Limited [GRAB],

Based on careful and fact-backed analyzes by Wall Street experts, the current consensus on the target price for GRAB shares is $4.19 per share. Target prices and analysis on the performance of stocks are usually carefully studied by market experts, and the current Wall Street consensus on GRAB stock is a recommendation at 2.00. This rating represents a strong buy recommendation on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 indicates hold and 2 indicates buy.

Barclays has set an outlook for the shares of Grab Holdings Ltd on October 10, 2022, keeping its view on the stock as Equal Weight, in line with its previous recommendation. While these analysts kept their previous recommendation, JPMorgan raised their target price from $3 to $3.80. , The new note on price target, representing the official price target for Grab Holdings Ltd stock, was issued on August 08, 2022. Earlier, the target price was raised again to $3, while analysts at JP Morgan maintained an overweight rating on GRAB stock.

The Average True Range (ATR) for Grab Holdings Limited is set at 0.23, The Price to Sales ratio for GRAB stock in the trailing 12 months period is 11.78. The Price to Book ratio for the previous quarter was 1.92, the Price to Cash per Share for the same quarter was set at 1.70.

Trading Performance Analysis for GRAB Stock

Grab Holdings Limited [GRAB] Reached the green zone at the end of last week, in a positive trend and with a gain of 9.18. With this latest performance, GRAB shares are up 34.87% over the past four-week period, as well as down 0.00% over the past 6 months — not to mention down -76.57% over the past year of trading.

Overbought and oversold stocks can be easily detected with the Relative Strength Index (RSI), where an RSI result of over 70 will result in overbought, and any rate below 30 will indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GRAB stock for the past two-week period is set at 66.36, with the RSI last trading hit at 72.68, and the three-week RSI for GRAB Holdings Ltd. is set at 61.29. [GRAB], The current moving average for the last 50 days of trade of this stock is 2.75, while it was recorded at 3.13 for the last one week and 3.20 for the last 200 days.

Grab Holdings Limited [GRAB]: A Deep Dive into Fundamental Analysis

The operating margin for any stock indicates how profitable the investment will be and Grab Holdings Ltd. [GRAB] The stock currently has an Operating Margin of -229.33 and Gross Margin of -58.52. The Net Margin of Grab Holdings Limited is currently recorded at -510.96.

The Return on Equity for this stock decreased to -85.59, while the Return on Assets stood at -59.06.

Grab Holdings Ltd’s liquidity data is equally interestingly compelling with a quick ratio of 7.10 and a current ratio set at 7.10.

Analysis of Insider Ownership in Grab Holdings Limited [GRAB]

Institutional investors currently hold approximately $5,611 million, or 48.00% of GRAB stock, in hand. The top three institutional holders of Grab stock are: SB Investment Advisors (UK) Ltd with holding of 709,265,250 which is around 1.443% of the company’s market cap and around 27.92% of total institutional ownership; Morgan Stanley holds 313,609,923 shares of GRAB stock with an estimated value of $1.01 billion in shares; And MUFG BANK, LTD., currently owns around 0% of the company’s market capitalization with $458.75M in GRAB stock.

Shares positions held by institutional investors in Grab Holdings Ltd. increased at the end of November and during the November reporting period, where 170 institutional holders increased their positions in Grab Holdings Ltd. [NASDAQ:GRAB] By approximately 158,662,557 shares. Additionally, 63 investors decreased positions by approximately 132,927,201 shares, while 50 investors maintained positions by approximately 1,456,314,620 shares. As per the latest SEC report filing, the mentioned changes put the institutional holdings at 1,747,904,378 shares. There were 56 new institutional investments totaling 69,415,329 shares in GRAB stock, while 18 institutional investors sold 7,805,957 shares during the same period.

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