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Is Grab Stock a Buy Now?

TheMotleyFool

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Grab (NASDAQ: GRAB), the creator of a "super app" that provides transportation, food delivery, and payment services across Southeast Asia, went public by merging with a special purpose acquisition company (SPAC) last December. Grab's stock opened at $13.06 on its first trading day, but it now trades at about $3 a share.

Grab's slowing growth and its lack of profits spooked investors, and they rushed for the exits as rising rates crushed the market's more speculative stocks. But did they prematurely dump a potential multibagger? Let's reevaluate Grab's business, its growth rates, and valuations to decide.

Image source: Getty Images.

Source Fool.com

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