Sunday, June 26, 2022

A Guide To The Risks Of Investing In Grab Holdings Limited (GRAB)

Deutsche Bank initiated its Grab Holdings Limited [GRAB] rating to a Buy in a research note published on Tuesday, June 17, 2022; the price target was $3.20. PT values the company’s stock at a premium of 14.69 to its Tuesday closing price. A number of analysts have revised their coverage, including China Renaissance’s analysts, who began to cover the stock in early June with a ‘”a Buy”‘ rating. Bernstein also remained covering GRAB and has increased its forecast on May 31, 2022 with a “an Outperform” recommendation from previously “Mkt perform” rating. BofA Securities started covering the stock on March 15, 2022. It rated GRAB as “a Neutral”.

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Price Performance Review of GRAB

On Tuesday, Grab Holdings Limited [NASDAQ:GRAB] saw its stock jump 17.17% to $2.73. On the same session, the stock had its day’s lowest price of $2.395, but rose to a high of $2.76. Over the last five days, the stock has gained 12.35%. Grab Holdings Limited shares have fallen nearly -61.71% since the year began. Nevertheless, the stocks have fallen -76.86% over the past one year. A total of 53.66 million shares were traded, compared to the trading of 25.98 million shares in the previous session.

Levels Of Support And Resistance For GRAB Stock

The 24-hour chart illustrates a support level at 2.50, which if violated will result in even more drops to 2.26. On the upside, there is a resistance level at 2.86. A further resistance level may holdings at 2.99. The Relative Strength Index (RSI) on the 14-day chart is 51.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.06%. Stochastics %K at 21.62% indicates the stock is a holding.

How much short interest is there in Grab Holdings Limited?

A steep rise in short interest was recorded in Grab Holdings Limited stocks on Apr 28, 2022, dropping by -4.7 million shares to a total of 105.35 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 110.05 million shares. There was a decline of -4.46%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.28% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.15.

Grab Holdings Limited [GRAB] – Who Are The Largest Shareholders?

In filings from Morgan Stanley Investment Managem, it is revealed that the company now owns 210,383,948 shares, or roughly 5.67% of the outstanding GRAB shares. In other words, the investor’s shares have risen by 119,907,412 from its previous 13-F filing of 90476536.0. Additionally, Mitsubishi UFJ Kokusai Asset Mana increased 0.18% of its stake after which the total value it holdings stand at $380,836,866, while Capital Research & Management Co added 50.91% of its stake to hold $288.14 million in the firm. Over the last quarter, Morgan Stanley Investment Managem purchased 38,472,650 shares of Grab Holdings Limited, while Altimeter Capital Management LP bought -23,759,065 shares. At present, BlackRock Fund Advisors is holding 33,602,889 shares valued at $89.38 million. Capital Research & Management Co owned 19,097,374 shares of the company at the time of its most recent 13F filing, worth $50.8 million.

According to FactSet, Grab Holdings Limited’s share price will average $4.71 in the next year, based on opinions of analysts polled by the firm. This is up nearly 84.55 percent from its previous closing price of $2.33. Analysts expect Grab Holdings Limited stock to reach the higher price of $8.00, while the lowest price estimate is $2.85. However, 19 analysts have rated GRAB stock as an Overweight in their predictions for 2022.

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