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.
The 50-day moving average for GRAB moved below the 200-day moving average on April 24, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
The 10-day RSI Indicator for GRAB moved out of overbought territory on May 09, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 14 similar instances where the indicator moved out of overbought territory. In of the 14 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on May 18, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on GRAB as a result. In of 50 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 Moving Average Convergence Divergence Histogram (MACD) for GRAB turned negative on May 18, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 23 similar instances when the indicator turned negative. In of the 23 cases the stock turned lower in the days that followed. This puts the odds of success at .
The Aroon Indicator for GRAB entered a downward trend on May 05, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 38 cases where GRAB's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
GRAB moved above its 50-day moving average on May 22, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for GRAB crossed bullishly above the 50-day moving average on May 09, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 4 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where GRAB advanced for three days, in of 141 cases, the price rose further within the following month. The odds of a continued upward trend are .
GRAB may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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 (1.822) is normal, around the industry mean (31.441). P/E Ratio (0.002) is within average values for comparable stocks, (167.548). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.103). Dividend Yield (0.000) settles around the average of (0.033) among similar stocks. P/S Ratio (6.766) is also within normal values, averaging (71.038).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. GRAB’s price grows at a higher 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