Grab (NASDAQ:GRAB) Releases Earnings Results

Grab (NASDAQ:GRAB) posted its earnings results on Monday. The company reported $0.01 EPS for the quarter, Zacks reports. The company had revenue of $716.00 million for the quarter, compared to the consensus estimate of $705.40 million. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. During the same period in the previous year, the business earned ($0.02) earnings per share.

Grab Price Performance

Grab stock opened at $4.89 on Thursday. Grab has a 52 week low of $2.90 and a 52 week high of $4.93. The stock has a market cap of $19.18 billion, a price-to-earnings ratio of -244.50 and a beta of 0.81. The company’s 50-day moving average price is $3.84 and its two-hundred day moving average price is $3.60. The company has a current ratio of 3.00, a quick ratio of 2.97 and a debt-to-equity ratio of 0.03.

Analyst Upgrades and Downgrades

GRAB has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Grab in a research report on Tuesday. Barclays increased their price target on shares of Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Grab from $5.00 to $5.70 and gave the company an “overweight” rating in a research report on Tuesday. Mizuho increased their price objective on shares of Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Daiwa Capital Markets started coverage on shares of Grab in a research report on Wednesday, October 23rd. They issued an “outperform” rating and a $4.60 price target on the stock. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $5.48.

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.