Grab (NASDAQ:GRAB) Releases Earnings Results, Meets Expectations

Grab (NASDAQ:GRAB) announced its quarterly earnings results on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 Down 10.2 %

Grab stock traded down $0.55 during midday trading on Thursday, reaching $4.80. The company’s stock had a trading volume of 49,480,844 shares, compared to its average volume of 34,663,574. The stock’s 50-day simple moving average is $4.78 and its 200-day simple 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. Grab has a 52-week low of $2.98 and a 52-week high of $5.72. The stock has a market capitalization of $19.31 billion, a P/E ratio of -240.25, a PEG ratio of 2.21 and a beta of 0.90.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GRAB shares. Evercore ISI raised their target price on shares of Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Barclays raised their price target on Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. lowered Grab from an “overweight” rating to a “neutral” rating in a research note on Wednesday, February 5th. Finally, Benchmark reissued a “buy” rating and set a $6.00 price objective on shares of Grab in a research report on Thursday. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Grab presently has a consensus rating of “Moderate Buy” and an average price target of $5.54.

About Grab

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.