Grab (NASDAQ:GRAB) Sets New 52-Week Low – Should You Sell?

Shares of Grab Holdings Limited (NASDAQ:GRAB) hit a new 52-week low on Friday . The stock traded as low as $3.46 and last traded at $3.5150, with a volume of 8138896 shares trading hands. The stock had previously closed at $3.57.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on GRAB shares. Weiss Ratings upgraded shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Benchmark reaffirmed a “buy” rating on shares of Grab in a research note on Thursday, February 12th. Zacks Research lowered Grab from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. lowered their price objective on Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a research report on Tuesday, May 5th. Finally, HSBC upgraded Grab from a “hold” rating to a “buy” rating and set a $6.20 target price on the stock in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6.19.

Grab Stock Down 0.4%

The firm has a market capitalization of $14.57 billion, a PE ratio of 355.86, a price-to-earnings-growth ratio of 1.65 and a beta of 0.93. The company has a current ratio of 1.67, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average of $3.79 and a two-hundred day moving average of $4.53.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The firm had revenue of $955.00 million during the quarter, compared to analysts’ expectations of $921.71 million. Grab had a return on equity of 5.79% and a net margin of 10.67%. On average, equities research analysts forecast that Grab Holdings Limited will post 0.08 EPS for the current year.

Insider Buying and Selling

In related news, insider Philipp Wolfgang Josef Kandal sold 20,000 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $4.00, for a total value of $80,000.00. Following the completion of the sale, the insider directly owned 4,125,430 shares in the company, valued at approximately $16,501,720. This represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Ping Yeow Tan sold 400,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $3.67, for a total value of $1,468,000.00. Following the completion of the transaction, the chief executive officer directly owned 25,193 shares in the company, valued at $92,458.31. This trade represents a 94.07% 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. Over the last ninety days, insiders have sold 990,819 shares of company stock valued at $3,661,077. 3.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Grab

Large investors have recently modified their holdings of the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Grab during the 4th quarter worth approximately $25,000. Montag A & Associates Inc. purchased a new stake in shares of Grab during the first quarter valued at approximately $27,000. Parallel Advisors LLC raised its stake in shares of Grab by 305.5% during the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock valued at $30,000 after purchasing an additional 4,601 shares during the period. Signaturefd LLC lifted its position in shares of Grab by 64.6% during the fourth quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock worth $32,000 after purchasing an additional 2,543 shares in the last quarter. Finally, Advocate Investing Services LLC purchased a new position in shares of Grab in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Company Profile

Grab Holdings Inc is a Singapore-based technology company that operates a consumer-facing “super app” across Southeast Asia offering services spanning ride-hailing, food and package delivery, and digital payments. Its platform connects consumers, drivers, merchants and delivery partners through mobile applications and supports on-demand mobility (taxi and private car), last-mile logistics, and on-demand food delivery under brands such as GrabFood and GrabExpress. The company has also developed a merchant-facing ecosystem that supports ordering, payment acceptance and loyalty functions.

Beyond transportation and delivery, Grab has expanded into financial services through Grab Financial Group, which provides digital payments via GrabPay, consumer lending, insurance distribution and small-business financial solutions.