Could Grab's share price go below $5 and become a "penny stock"?

1 year in and the share price has fallen to $2+.

Not surprising since interest rates are rising and Grab isn't a well known brand in the west.

With economic headwinds in the coming weeks/months, it's highly likely their share price could fall even more. I'd probably start picking it up when it hits $2.50 or lower.

After all this time, it has finally crossed $4.

However assuming it follows Uber's trajectory and no major disruptions come in (ie: self driving taxis) for the near term, it should be fine.