Grab (NASDAQ:GRAB) Releases Quarterly Earnings Results

Grab (NASDAQ:GRAB) released its quarterly earnings results on Thursday. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01, Zacks reports. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. Grab updated its FY 2025 guidance to EPS.

Grab Stock Performance

NASDAQ:GRAB traded down $0.54 during midday trading on Thursday, hitting $4.81. The company’s stock had a trading volume of 42,303,058 shares, compared to its average volume of 34,359,078. Grab has a fifty-two week low of $2.98 and a fifty-two week high of $5.72. The firm’s 50 day moving average is $4.78 and its 200-day moving average is $4.26. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The firm has a market cap of $19.35 billion, a P/E ratio of -240.25, a P/E/G ratio of 2.21 and a beta of 0.90.

Wall Street Analysts Forecast Growth

Several research firms have commented on GRAB. Bank of America raised shares of Grab from an “underperform” rating to a “neutral” rating and increased their price target for the company from $4.90 to $5.10 in a research report on Tuesday, January 7th. JPMorgan Chase & Co. downgraded shares of Grab from an “overweight” rating to a “neutral” rating in a report on Wednesday, February 5th. Barclays upped their price objective on shares of Grab from $4.70 to $5.50 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Mizuho upped their price objective on shares of Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, China Renaissance downgraded shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 price objective on the stock. in a report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $5.54.

Grab Company Profile

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.