Grab (GRAB) to Release Earnings on Thursday

Grab (NASDAQ:GRAB) will likely be issuing its quarterly earnings data after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.01 per share for the quarter.

Grab Trading Up 0.8 %

GRAB opened at $5.34 on Thursday. The business has a 50 day simple moving average of $4.78 and a two-hundred day simple moving average of $4.26. The firm has a market capitalization of $21.50 billion, a price-to-earnings ratio of -267.00, a PEG ratio of 2.04 and a beta of 0.90. 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 one year low of $2.98 and a one year high of $5.72.

Analyst Ratings Changes

Several analysts recently weighed in on GRAB shares. Daiwa Capital Markets began coverage on Grab in a research note on Wednesday, October 23rd. They issued an “outperform” rating and a $4.60 price target on the stock. Mizuho raised their target price on Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Barclays raised their price target on Grab from $4.70 to $5.50 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Bank of America raised Grab from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $4.90 to $5.10 in a report on Tuesday, January 7th. Finally, HSBC raised Grab from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $5.50 to $5.45 in a research note on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Grab presently has an average 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.