Benzinga (Sun, 1-Dec 9:33 AM ET)
DBS downgrades Grab (GRAB) to a Hold
TipRanks (Thu, 28-Nov 8:16 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 December 3, 2024, GRAB stock price climbed to $5.30 with 16,710,021 million shares trading.
GRAB has a beta of 0.00, 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 $20.95 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 $9.52 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 price return of +72.6% while the SPY ETF gained +32.8%. GRAB has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +64.6% and +6.2%, respectively, while the SPY returned +7.2% and +2.5%, respectively.
GRAB support price is $5.02 and resistance is $5.34 (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.