Grab (NASDAQ:GRAB) Sets New 1-Year Low – Should You Sell?

Grab Holdings Limited (NASDAQ:GRAB) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $2.96 and last traded at $2.9650, with a volume of 19959969 shares. The stock had previously closed at $3.02.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Benchmark reaffirmed a “buy” rating on shares of Grab in a research report on Tuesday, August 4th. Morgan Stanley reiterated an “overweight” rating and issued a $6.25 price target on shares of Grab in a report on Tuesday, June 30th. Weiss Ratings downgraded Grab from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, August 17th. Barclays cut their target price on Grab from $7.00 to $5.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Finally, Zacks Research raised Grab from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Grab has an average rating of “Moderate Buy” and a consensus price target of $6.01.

Grab Trading Down 3.1%

The business’s 50-day simple moving average is $3.54 and its two-hundred day simple moving average is $3.65. The company has a current ratio of 1.52, a quick ratio of 1.51 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $11.99 billion, a PE ratio of 48.76, a PEG ratio of 0.80 and a beta of 0.89.

Grab (NASDAQ:GRAB) last announced its earnings results on Tuesday, August 4th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $997.00 million for the quarter, compared to analyst estimates of $994.97 million. Grab had a return on equity of 8.83% and a net margin of 15.97%. On average, analysts predict that Grab Holdings Limited will post 0.13 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Chin Ong sold 38,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $3.61, for a total transaction of $137,180.00. Following the sale, the insider directly owned 3,670,611 shares of the company’s stock, valued at approximately $13,250,905.71. This represents a 1.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $3.64, for a total value of $109,200.00. Following the transaction, the insider owned 3,988,735 shares in the company, valued at $14,518,995.40. This trade represents a 0.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 1,283,442 shares of company stock worth $4,719,095. 3.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Tidal Investments LLC lifted its holdings in Grab by 6.2% in the second quarter. Tidal Investments LLC now owns 487,340 shares of the company’s stock worth $1,837,000 after acquiring an additional 28,398 shares during the last quarter. National Pension Service raised its position in shares of Grab by 40.6% during the 2nd quarter. National Pension Service now owns 217,156 shares of the company’s stock worth $819,000 after purchasing an additional 62,686 shares during the period. Engineers Gate Manager LP bought a new stake in shares of Grab in the 2nd quarter worth approximately $621,000. Integrated Wealth Concepts LLC bought a new stake in shares of Grab in the 2nd quarter worth approximately $59,000. Finally, Allianz Asset Management GmbH boosted its position in Grab by 28.1% during the 2nd quarter. Allianz Asset Management GmbH now owns 2,069,000 shares of the company’s stock valued at $7,800,000 after purchasing an additional 453,813 shares during the period. 55.52% of the stock is owned by institutional investors and hedge funds.

About Grab

Grab Holdings Inc (NASDAQ: GRAB) is a technology company that operates a superapp serving consumers, drivers, merchants and businesses across Southeast Asia. Its platform connects users with transportation, food and grocery delivery, parcel and on-demand logistics, digital payments and other financial services.

The company began as a ride-hailing service in Malaysia in 2012, founded by Anthony Tan and Tan Hooi Ling, and expanded into a broader digital platform. Grab’s consumer offerings include private-hire and taxi services, GrabFood, GrabMart and GrabExpress, while its financial-services products include digital payments, lending, insurance and digital banking services offered in selected markets.

Grab serves markets across Southeast Asia, including Singapore, Malaysia, Indonesia, Thailand, Vietnam, the Philippines and Cambodia.