Maplebear Inc (CART) concluded trading on Wednesday at a closing price of $48.10, with 3.89 million shares of worth about $187.1 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 39.18% during that period and on January 29, 2025 the price saw a gain of about 2.89%. Currently the company’s common shares owned by public are about 256.99M shares, out of which, 172.48M shares are available for trading.
Stock saw a price change of 7.82% in past 5 days and over the past one month there was a price change of 10.02%. Year-to-date (YTD), CART shares are showing a performance of 16.13% which increased to 88.78% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $23.59 but also hit the highest price of $50.01 during that period. The average intraday trading volume for Maplebear Inc shares is 4.22 million. The stock is currently trading 6.95% above its 20-day simple moving average (SMA20), while that difference is up 10.08% for SMA50 and it goes to 25.55% higher than SMA200.
Maplebear Inc (NASDAQ: CART) currently have 256.99M outstanding shares and institutions hold larger chunk of about 52.97% of that.
The stock has a current market capitalization of $12.36B and its 3Y-monthly beta is at 1.10. PE ratio of stock for trailing 12 months is 30.29, while it has posted earnings per share of $1.59 in the same period. It 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 3.89% while standing at 3.76% over the month.
Analysts are in expectations that Maplebear Inc (CART) stock would likely to be making an EPS of 0.71 in the current quarter, while forecast for next quarter EPS is 0.74 and it is 3.11 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.5 which is 0.8 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.91 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 111.44% while it is estimated to increase by 11.72% 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 BTIG Research on January 14, 2025 offering a Buy rating for the stock and assigned a target price of $58 to it. Coverage by Mizuho stated Maplebear Inc (CART) stock as an Outperform in their note to investors on January 14, 2025, suggesting a price target of $55 for the stock. On January 13, 2025, Needham Upgrade their recommendations, while on January 10, 2025, Wells Fargo Initiated their ratings for the stock with a price target of $47. Stock get a Hold rating from Deutsche Bank on December 03, 2024.
