Maplebear Inc (NASDAQ: CART) is 82.91% higher on its value in year-to-date trading and has touched a low of $22.13 and a high of $50.01 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 $43.02 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $42.93, the stock is -4.69% and 2.18% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.01 million and changing -0.21% at the moment leaves the stock 20.36% off its SMA200. CART registered 65.88% gain for a year compared to 6-month gain of 29.31%. The firm has a 50-day simple moving average (SMA 50) of $41.8479 and a 200-day simple moving average (SMA200) of $35.57455.
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The stock witnessed a 2.24% loss in the last 1 month and extending the period to 3 months gives it a 33.45%, and is -11.78% 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 5.29% over the week and 3.57% over the month.
Maplebear Inc (CART) has around 3380 employees, a market worth around $11.04B and $3.30B in sales. Current P/E ratio is 27.03 and Fwd P/E is 27.82. Profit margin for the company is 13.31%. Distance from 52-week low is 93.99% and -14.16% from its 52-week high. The company has generated returns on investments over the last 12 months (14.29%).
The EPS is expected to grow by 111.18% this year
402.0 institutions hold shares in Maplebear Inc (CART), with institutional investors hold 82.47% of the company’s shares. The shares outstanding are 279.05M, and float is at 152.91M with Short Float at 7.07%. Institutions hold 72.64% of the Float.
The top institutional shareholder in the company is SC US (TTGP), LTD. with over 41.91 million shares valued at $1.35 billion. The investor’s holdings represent 15.7831 of the CART Shares outstanding. As of 2024-06-30, the second largest holder is D1 CAPITAL PARTNERS L.P. with 28.91 million shares valued at $929.2 million to account for 10.8876 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 11.02 million shares representing 4.1512 and valued at over $354.28 million, while GCM GROSVENOR HOLDINGS, LLC holds 3.3913 of the shares totaling 9.01 million with a market value of $289.43 million.
Maplebear Inc (CART) Insider Activity
The most recent transaction is an insider sale by Fong Morgan, the company’s GENERAL COUNSEL & SECRETARY. SEC filings show that Fong Morgan sold 29,253 shares of the company’s common stock on Nov 07 ’24 at a price of $48.03 per share for a total of $1.41 million. Following the sale, the insider now owns 0.26 million shares.
Still, SEC filings show that on Oct 29 ’24, Simo Fidji (PRESIDENT AND CEO) disposed off 20,750 shares at an average price of $44.39 for $0.92 million. The insider now directly holds 1,803,278 shares of Maplebear Inc (CART).
