Maplebear Inc (CART) concluded trading on Wednesday at a closing price of $44.82, with 8.16 million shares of worth about $365.62 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 34.47% during that period and on January 08, 2025 the price saw a gain of about 4.45%. Currently the company’s common shares owned by public are about 256.99M shares, out of which, 168.92M shares are available for trading.
Stock saw a price change of 8.21% in past 5 days and over the past one month there was a price change of 1.43%. Year-to-date (YTD), CART shares are showing a performance of 8.21% which increased to 91.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $22.25 but also hit the highest price of $50.01 during that period. The average intraday trading volume for Maplebear Inc shares is 3.55 million. The stock is currently trading 4.93% above its 20-day simple moving average (SMA20), while that difference is up 2.58% for SMA50 and it goes to 18.62% higher than SMA200.
Maplebear Inc (NASDAQ: CART) currently have 256.99M outstanding shares and institutions hold larger chunk of about 52.95% of that.
The stock has a current market capitalization of $11.51B and its 3Y-monthly beta is at 1.03. PE ratio of stock for trailing 12 months is 28.22, while it has posted earnings per share of $1.59 in the same period. Its PEG reads 1.17 and has Quick Ratio of 3.06 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 3.82% while standing at 3.39% over the month.
Stock’s fiscal year EPS is expected to rise by 111.41% while it is estimated to increase by 11.86% 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 Deutsche Bank on December 03, 2024 offering a Hold rating for the stock and assigned a target price of $37 to it. Coverage by Jefferies stated Maplebear Inc (CART) stock as a Hold in their note to investors on October 16, 2024, suggesting a price target of $43 for the stock. On September 24, 2024, Raymond James Initiated their recommendations, while on September 05, 2024, Cantor Fitzgerald Initiated their ratings for the stock with a price target of $45. Stock get a Peer perform rating from Wolfe Research on July 16, 2024.
