Grab (NASDAQ:GRAB) Issues Quarterly Earnings Results

Grab (NASDAQ:GRABGet Free Report) announced its quarterly earnings data on Monday. The company reported $0.01 earnings per share for the quarter, Zacks reports. Grab had a negative return on equity of 3.35% and a negative net margin of 8.24%. The business had revenue of $716.00 million for the quarter, compared to analyst estimates of $705.40 million. During the same period in the prior year, the company earned ($0.02) earnings per share.

Grab Price Performance

Shares of Grab stock traded up $0.51 during trading hours on Tuesday, reaching $4.89. 148,522,912 shares of the company’s stock were exchanged, compared to its average volume of 24,245,191. The company has a market capitalization of $19.18 billion, a P/E ratio of -96.00 and a beta of 0.81. Grab has a 1 year low of $2.90 and a 1 year high of $4.93. The business has a fifty day moving average of $3.78 and a two-hundred day moving average of $3.58. The company has a quick ratio of 2.97, a current ratio of 3.00 and a debt-to-equity ratio of 0.03.

Analysts Set New Price Targets

Several research analysts recently issued reports on GRAB shares. Daiwa Capital Markets started coverage on shares of Grab in a report on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 target price for the company. Jefferies Financial Group lowered their target price on Grab from $5.00 to $4.70 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Evercore ISI boosted their price target on Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a report on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of Grab from $5.00 to $5.70 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Benchmark restated a “buy” rating and issued a $6.00 price objective on shares of Grab in a research report on Tuesday. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Grab currently has a consensus rating of “Buy” and an average target price of $5.28.

Read Our Latest Analysis on GRAB

Grab Company Profile

(Get Free Report)

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.

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Earnings History for Grab (NASDAQ:GRAB)

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