Grab (NASDAQ:GRAB) Issues Earnings Results

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

Grab Price Performance

GRAB stock remained flat at $4.89 during trading on Wednesday. 80,191,086 shares of the company traded hands, compared to its average volume of 24,522,516. Grab has a one year low of $2.90 and a one year high of $4.93. The stock has a 50-day simple moving average of $3.84 and a 200 day simple moving average of $3.60. The stock has a market capitalization of $19.18 billion, a PE ratio of -244.50 and a beta of 0.81. 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 Ratings Changes

GRAB has been the subject of a number of recent analyst reports. Benchmark reiterated a “buy” rating and set a $6.00 price target on shares of Grab in a report on Tuesday. Mizuho boosted their price objective on shares of Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Wednesday. Daiwa Capital Markets began coverage on shares of Grab in a research report on Wednesday, October 23rd. They issued an “outperform” rating and a $4.60 target price on the stock. Evercore ISI upped their target price on shares of Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on shares of Grab from $5.00 to $5.70 and gave the stock an “overweight” rating in a research report on Tuesday. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company 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.