Maplebear Inc. (NASDAQ: CART) is 33.92% higher on its value in year-to-date trading and has touched a low of $22.13 and a high of $42.95 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CART stock was last observed hovering at around $31.11 in the last trading session, with the day’s gains setting it 0.32%.
Currently trading at $31.43, the stock is -8.19% and -5.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.6 million and changing 1.03% at the moment leaves the stock 3.36% off its SMA200. CART registered a gain of 31.29% in past 6-months.
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The stock witnessed a -7.86% loss in the last 1 month and extending the period to 3 months gives it a -13.96%, and is -8.21% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.10% over the week and 4.04% over the month.
Maplebear Inc. (CART) has around 3380 employees, a market worth around $8.32B and $3.10B in sales. Fwd P/E is 24.41. Profit margin for the company is -55.24%. Distance from 52-week low is 42.02% and -26.82% from its 52-week high. The company has generated returns on investments over the last 12 months (-51.27%).
The EPS is expected to grow by 108.55% this year.
Maplebear Inc. (CART) Top Institutional Holders
The shares outstanding are 279.05M, and float is at 149.16M with Short Float at 10.38%.
Maplebear Inc. (CART) Insider Activity
Maplebear Inc. disclosed in a document filed with the SEC on Jul 29 ’24 that Simo Fidji (PRESIDENT AND CEO) sold a total of 8,500 shares of the company’s common stock. The trade occurred on Jul 29 ’24 and was made at $34.53 per share for $0.29 million. Following the transaction, the insider now directly holds 1.95 million shares of the CART stock.
Still, SEC filings show that on Jul 22 ’24, Fong Morgan (GENERAL COUNSEL & SECRETARY) disposed off 9,506 shares at an average price of $35.02 for $0.33 million. The insider now directly holds 372,335 shares of Maplebear Inc. (CART).
