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Grab Holdings Q3 Profit Swing: Will the Positive Streak Continue?

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Written by Timothy Sykes Reviewed by Jack Kellog Fact-checked by Ellis Hobb
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Grab Holdings Limited’s stock is buoyed by a positive uptick of 4.55 percent on Monday, likely propelled by news of its strategic partnerships and expanding service offerings.

Grab’s Recent Developments

  • Increased Q3 profits led to Grab Holdings shares surging over 6% as revenue forecasts for FY24 were escalated.
  • Barclays and Evercore ISI both lifted their price targets for GRAB, applauding strong Q3 results and future performance optimism.
  • Grab Holdings exhibited robust user growth and exceeded earnings expectations, prompting sector analysts to maintain positive projections.
  • JPMorgan also readjusted Grab’s shares to an overweight rating, indicating strong market confidence after the latest financial disclosures.

Candlestick Chart

Live Update at 14:33:08 EST: On Monday, November 18, 2024 Grab Holdings Limited stock [NASDAQ: GRAB] is trending up by 4.55%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Quick Overview of Grab Holdings’ Financial Metrics

In the whirlwind financial quarters, Grab Holdings has managed to stand out, like a tall skyscraper in a city. A recent report showcased a switch from red to black ink; Q3 earnings turned positive, marking a pivotal moment as revenues shot past estimates. A little bit like watching a wilted flower bloom unexpectedly. Imagine last year they were in loss; now, they’re wrapping up a fruitful business quarter.

Several numbers tell the story: revenues are expected between $2.76B-$2.78B for FY24. An impressive climb from the initial forecast. Adjusted EBITDA swung up to $308M-$313M, from just $250M-$270M. These forecast figures manifested one simple truth: Grab, once the underdog, is now in the spotlight, rapidly reshaping the financial landscape.

Diving deeper into key ratios, we find humor in numbers: a pretax profit margin still negative at -169.5%, hinting at areas to improve. On the other hand, Grab’s stock buzzed with a price to sales ratio 7827.34. It’s like seeing a promising athlete who just needs a bit more coaching.

More Breaking News

Conventional wisdom usually points fingers at expense management and debt handling. Grab’s voyage is similar; navigating through a pretax loss margin, their swift leap in positive EPS is akin to a surprising twist in a novel. Meanwhile, leverage ratios, hinting at strong asset utilization, tell us Grab is using every penny wisely, driving value, and ensuring growth.

GRAB Stock Moves: Q3 Narrative

Stories float around how financial quarters make or break giants. Grab Holdings has lots of tales spinning since their Q3 earnings. They defied odds, swung the fortunes from loss to gain, enriching each shareholder’s delight. Their stock experienced a voguish hike, much like an actor reborn after a remarkable role. A surge over 6% followed the earnings story: detailed foresight in quarterly financials convinced stock admirers of their bullish journey.

This financial period not only showcased profit growth but presented fresh forecasts. Revised growth paths and promising guidelines have set the stage for a relentless journey forward. Both observers and traders are now sitting at the edges of their seats, checking every little move; every chart swishing left or right is critical.

Possible Market Impact and Trajectories

The trail laid by Grab Holdings between its financial ascendancy and potential market dynamism bears resemblance to a chess game—strategic, calculated, yet unpredictable. Their financial gain implies an inflow of opportunities, widespread in sectors like ride-sharing and food delivery, each ripe with growth.

Furthermore, institution giants like Barclays and Evercore ISI increasing their price benchmarks symbolized a nod of approval. Such positive outlooks could attract fresh investor waves, making Grab Holdings a central figure in investing conversations.

However, underlying financial indicators remind us of latent market volatility. The tall leappost could tail a downturn—a caution for exuberant shareholders who indulge in unbridled optimism. As such, investors should walk the line between fervor and prudence, wary of how swift market fluxes shape fortunes or misfortunes.

In conclusion, Grab Holdings’ financial stories tell of triumphs and strategies carved amid chaos. They reflect the art of seizing moments, stretching small gains into a revenue canvas that intrigues analysts and captivates shareholders. Whether their trajectory upwards continues is a narrative ripe with potential—one that could inspire analysts and investors to watch closely, eagerly anticipating what the next act unveils.

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The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

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Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”