Grab Holdings Limited Class A Ordinary Shares (NASDAQ: GRAB): A Competitive Analysis And Growth Prospects

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In the last trading session, 8.78 million shares of the Grab Holdings Limited Class A Ordinary Shares (NASDAQ:GRAB) were traded. Most recently the company’s share price was $7.13, and it changed around -$0.02 or -0.28% from the last close, which brings the market valuation of the company to $26.64B. GRAB currently trades at a discount to its 52-week high of $18.11, offering almost -154.0% off that amount. The share price’s 52-week low was $5.91, which indicates that the current value has risen by an impressive 17.11% since then. We note from Grab Holdings Limited Class A Ordinary Shares’s average daily trading volume that its 3-month average coming to 10.01 million.

Instantly GRAB has showed a red trend with a performance of -0.28% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 7.53 on Friday, 12/31/21 increased the stock’s daily price by 5.31%. The company’s shares are currently down -44.56% year-to-date, but still down -2.99% over the last five days. On the other hand, Grab Holdings Limited Class A Ordinary Shares (NASDAQ:GRAB) is -35.24% down in the 30-day period.

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The consensus price target as assigned by Wall Street analysts is $12.00, which translates to bulls needing to increase their stock price by 40.58% from its current value. Analyst projections state that GRAB is forecast to be at a low of $10.00 and a high of $13.00. In order for the stock price to hit the forecast high, the stock would need to plunge -82.33% from its current level, while the stock would need to crash -40.25% from its current level to reach the projected low.

Grab Holdings Limited Class A Ordinary Shares (GRAB) estimates and forecasts

GRAB Dividends

Grab Holdings Limited Class A Ordinary Shares’s next quarterly earnings report is expected to be released in February.

Grab Holdings Limited Class A Ordinary Shares (NASDAQ:GRAB)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.23% of Grab Holdings Limited Class A Ordinary Shares shares, and 1.19% of them are in the hands of institutional investors. The stock currently has a share float of 1.20%.

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