Grab (NASDAQ:GRAB) Announces Quarterly Earnings Results

Grab (NASDAQ:GRAB) released its 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 Down 10.2 %

GRAB stock traded down $0.55 during midday trading on Thursday, reaching $4.80. 49,480,844 shares of the company’s stock traded hands, compared to its average volume of 34,663,574. Grab has a 52 week low of $2.98 and a 52 week high of $5.72. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The company has a market cap of $19.31 billion, a price-to-earnings ratio of -240.25, a P/E/G ratio of 2.21 and a beta of 0.90. The firm’s fifty day moving average price is $4.78 and its 200-day moving average price is $4.26.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GRAB shares. China Renaissance lowered shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 price target on the stock. in a report on Thursday, November 21st. Mizuho boosted their target price on shares of Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Barclays boosted their target price on shares of Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Benchmark restated a “buy” rating and issued a $6.00 price target on shares of Grab in a research report on Thursday. Finally, HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and dropped their price target for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. 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 company. Based on data from MarketBeat, Grab currently has a consensus rating of “Moderate Buy” and an average target price 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.