Following The Money: Institution’s Growing Stake In Maplebear Inc (NASDAQ: CART)

Maplebear Inc (CART) concluded trading on Thursday at a closing price of $48.66, with 5.67 million shares of worth about $275.95 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 34.83% during that period and on November 07, 2024 the price saw a gain of about 1.93%. Currently the company’s common shares owned by public are about 279.05M shares, out of which, 152.01M shares are available for trading.

Stock saw a price change of 10.34% in past 5 days and over the past one month there was a price change of 10.62%. Year-to-date (YTD), CART shares are showing a performance of 107.33% which increased to 70.92% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $22.13 but also hit the highest price of $47.95 during that period. The average intraday trading volume for Maplebear Inc shares is 3.42 million. The stock is currently trading 9.93% above its 20-day simple moving average (SMA20), while that difference is up 18.96% for SMA50 and it goes to 38.43% higher than SMA200.

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Maplebear Inc (NASDAQ: CART) currently have 279.05M outstanding shares and institutions hold larger chunk of about 47.41% of that.

The stock has a current market capitalization of $12.51B and its 3Y-monthly beta is at 1.16. It has posted earnings per share of -$5.97 in the same period. It has Quick Ratio of 3.45 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 3.50% while standing at 3.07% over the month.

Stock’s fiscal year EPS is expected to rise by 109.37% while it is estimated to increase by 17.88% in next year.

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 Jefferies on October 16, 2024 offering a Hold rating for the stock and assigned a target price of $43 to it. Stock get a Sector weight rating from KeyBanc Capital Markets on July 11, 2024.

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