Grab Holdings reported first quarter revenue for that surpassed Wall Street expectations.
The Singaporean technology company’s first-quarter revenue came in at $228 million, well above the Street estimates of $127.7 million, according to FactSet.
Gross merchandise value (the sum of the total dollar value of transactions from Grab’s services, including any applicable taxes, tips, tolls and fees) for the quarter +32% from the year-ago quarter to $4.8 billion.
For fiscal 2022, the company projects revenue to range between $1.2 billion and $1.3 billion, compared to $955.3 million expected by analysts polled on FactSet.
According to Grab’s statement, mobility GMV climbed +9% quarter on quarter, thereby reflecting demand recovery after the impact of Omicron in the first two months of the quarter. The company said that its average monthly active drivers rose by 220,000 from the third quarter of 2021 to the first quarter 2022. The number of active drivers on its platform over the first quarter was at the highest level since the second quarter 2020.
“Looking ahead, we will continue to acquire drivers in order to reestablish our pre-Covid supply levels and to capture the strong demand we see coming back online,” the company said.
Be on the lookout for a price bounce soon.
The Moving Average Convergence Divergence (MACD) for GRAB just turned positive on March 13, 2024. Looking at past instances where GRAB's MACD turned positive, the stock continued to rise in of 34 cases over the following month. The odds of a continued upward trend are .
GRAB moved above its 50-day moving average on March 27, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GRAB advanced for three days, in of 182 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 66 cases where GRAB Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Momentum Indicator moved below the 0 level on March 25, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on GRAB as a result. In of 63 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The 10-day moving average for GRAB crossed bearishly below the 50-day moving average on March 26, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 9 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GRAB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.947) is normal, around the industry mean (28.767). P/E Ratio (0.002) is within average values for comparable stocks, (148.690). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.798). Dividend Yield (0.000) settles around the average of (0.085) among similar stocks. P/S Ratio (5.283) is also within normal values, averaging (77.911).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. GRAB’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. GRAB’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Industry PackagedSoftware