17-Jan-2025
Grab Races Ahead of Uber and Lyft, but Is Its Valuation Sustainable?
TipRanks (Fri, 17-Jan 6:13 AM ET)
Grab Teams Up With BYD To Boost EV Availability For Southeast Asia's Driver-Partners
Benzinga (Wed, 15-Jan 8:39 AM ET)
BYD and Grab deal sign expanded EV supply deal
Seeking Alpha News (Wed, 15-Jan 7:03 AM ET)
BYD and Grab Join Forces for Southeast Asia’s EV Expansion
TipRanks (Wed, 15-Jan 5:14 AM ET)
Superapp Grab Selects AWS as its Preferred Cloud Provider to Drive Technology Innovation and Growth
Business Wire (Wed, 4-Dec 6:30 PM ET)
Grab Reports Third Quarter 2024 Results
Globe Newswire (Mon, 11-Nov 6:30 PM ET)
UPDATE - Grab to Announce Third Quarter 2024 Results on November 11, 2024
Globe Newswire (Mon, 21-Oct 9:30 AM ET)
Grab to Announce Third Quarter 2024 Results on November 12, 2024
Globe Newswire (Mon, 21-Oct 6:00 AM ET)
Founded in 2012, Grab provides ride-sharing services, food and grocery delivery, and financial services (payments, consumer loans, and enterprise offerings) in eight Southeast-Asian countries through its mobile platform. The company partners with merchants and riders, connecting them with consumers while charging commission to both sides. Grab has a leading market share in and derives 89% of its revenue from its core businesses, ride-sharing and food delivery. Singapore and Malaysia contributed 58% of revenue as of end-2021. Grab's main competitors in Southeast Asia are Foodpanda and Gojek, the ride-sharing arm of GoTo. Its financial services business is still in its nascent stage and provides minimal revenue currently. The company now also generates advertising revenue.
Grab Holdings Limited - Class A trades on the NASDAQ stock market under the symbol GRAB.
As of January 17, 2025, GRAB stock price climbed to $4.50 with 24,422,450 million shares trading.
GRAB has a market cap of $17.79 billion. This is considered a Large Cap stock.
Last quarter Grab Holdings Limited - Class A reported $716 million in Revenue and $.01 earnings per share. This beat revenue expectation by $24 million and exceeded earnings estimates by $.02.
In the last 3 years, GRAB traded as high as $6.61 and as low as $2.19.
The top ETF exchange traded funds that GRAB belongs to (by Net Assets): IEFA, EFA, EWS, EFG, IXUS.
GRAB has outperformed the market in the last year with a return of +54.1%, while the SPY ETF gained +28.0%. In the last 3 month period, GRAB beat the market returning +24.3%, while SPY returned +3.0%. However, in the most recent 2 weeks GRAB has underperformed the stock market by returning -6.4%, while SPY returned +1.0%.
GRAB support price is $4.33 and resistance is $4.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GRAB shares will trade within this expected range on the day.