TLDR
- Grab Holdings (NASDAQ:GRAB) reached a new 52-week high of $6.00, up 8.5% in Friday trading with over 110 million shares traded
- Call option activity surged 32% with over 46,000 calls purchased, showing strong bullish sentiment among options traders
- Q2 earnings met expectations with $0.01 EPS and revenue of $819 million, beating forecasts and marking annual growth
- SCS Capital Management LLC invested $1.2 million by acquiring 264,214 shares, joining other institutional investors increasing positions
- The company maintains a $24.16 billion market cap with positive net margins and analyst price targets ranging from $5.10 to $8.00
Grab Holdings stock reached a fresh 52-week high of $6.00 during Friday’s trading session. The stock closed up 8.5% with an impressive trading volume of over 110 million shares.
This volume represents nearly four times the company’s average daily trading volume of 29.4 million shares. The price surge pushed Grab’s market capitalization to approximately $24.16 billion.
Options traders showed strong bullish sentiment with a 32% increase in call option activity. Over 46,000 call contracts were purchased during the session.
The stock’s recent performance comes after solid quarterly earnings results. Grab reported Q2 earnings per share of $0.01, meeting analyst expectations exactly.
Revenue for the quarter reached $819 million, beating forecasts of $809.41 million. This represents continued growth in the company’s revenue stream.
The company maintains healthy financial metrics with a net margin of 3.65%. Return on equity stands at 1.75%, showing profitable operations.
Institutional Investment Activity
SCS Capital Management LLC made a new investment in Grab during the first quarter. The fund purchased 264,214 shares valued at approximately $1.197 million.
Several other institutional investors expanded their positions. Sequoia Financial Advisors increased holdings by 6.0% to 45,934 shares worth $208,000.
Empowered Funds LLC lifted its position by 6.2% to 52,698 shares. Summit Securities Group LLC made the largest percentage increase at 63.6%.
The institutional buying shows growing confidence in Grab’s business model. Currently, 55.52% of the stock is owned by institutional investors.
Technical and Financial Metrics
Grab trades with a price-to-earnings ratio of 150.04 and a beta of 0.84. The stock’s 50-day moving average sits at $5.10 while the 200-day average is $4.80.
The company maintains strong liquidity with a current ratio of 1.88 and quick ratio of 1.87. Debt-to-equity ratio remains low at 0.04.
Grab’s 52-week trading range spans from $3.36 to the current high of $6.03. The recent breakout represents an 79% increase from the yearly low.
For fiscal year 2025, management has set earnings per share guidance at $0.05. Analysts maintain consensus estimates in line with this target.
Price targets from Wall Street analysts range from $5.10 to $8.00 per share. Several firms maintain “Strong Buy” recommendations on the stock.
The company has also made strategic moves in autonomous vehicle technology through its investment in WeRide. This positions Grab for future mobility trends in Southeast Asia.
Trading volume and options activity suggest continued investor interest in the stock’s upward momentum.
