Maplebear Inc. (NASDAQ: CART) – Not A Clear Buying Opportunity?

Maplebear Inc. (CART) concluded trading on Thursday at a closing price of $26.07, with 5.72 million shares of worth about $149.06 million changed hands on the day. On Thursday the price saw a gain of about 6.58%. Currently the company’s common shares owned by public are about 276.65M shares, out of which, 134.81M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 105 times over the past 12 months. They bought 136,358,518 shares in 74 of the transactions. In 31 selling transactions, insiders dumped 4,440,678 shares.

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However, the stock later moved at a day high price of 26.96, or with a gain of 6.58%. Stock saw a price change of 3.25% in past 5 days and over the past one month there was a price change of 13.50%. Over the period of past 52 weeks, stock dropped to lowest price of $22.13 but also hit the highest price of $42.95 during that period. The average intraday trading volume for Maplebear Inc. shares is 1.86 million. The stock is currently trading 4.67% above its 20-day simple moving average (SMA20), while that difference is up 6.69% for SMA50 and it goes to 2.43% higher than SMA200.

Maplebear Inc. (NASDAQ: CART) currently have 276.65M outstanding shares and institutions hold larger chunk of about 28.46% of that.

The stock has a current market capitalization of $7.30B. It has posted earnings per share of -$6.64 in the same period. It has Quick Ratio of 4.50 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CART, volatility over the week remained 5.68% while standing at 5.22% over the month.

Analysts are in expectations that Maplebear Inc. (CART) stock would likely to be making an EPS of -$0.09 in the current quarter, while forecast for next quarter EPS is -$0.07 and it is $0.34 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.16 which is -$0.05 at the higher side of the target for the same.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on January 30, 2024 offering an Equal-weight rating for the stock and assigned a target price of $28 to it.

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