GRAB Stock Summary and Trading Ideas (Grab Holdings Limited - Class A | NASDAQ:GRAB)

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 November 21, 2024, GRAB stock price declined to $5.64 with 13,623,890 million shares trading.

GRAB has a beta of -0.05, meaning it tends to be less sensitive to market movements. GRAB has a correlation of 0.00 to the broad based SPY ETF.

GRAB has a market cap of $22.29 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.

The top ETF exchange traded funds that GRAB belongs to (by Net Assets): IEFA, EWS, EFA, EFG, ESGD.

GRAB has outperformed the market in the last year with a price return of +74.6% while the SPY ETF gained +31.8%. GRAB has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +74.6% and +33.6%, respectively, while the SPY returned +6.2% and +0.1%, respectively.

GRAB support price is $5.49 and resistance is $5.83 (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.