Maplebear Inc. [CART] stock is trading at $36.53, down -0.46%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CART shares have gain 5.95% over the last week, with a monthly amount drifted -6.62%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Maplebear Inc. [NASDAQ: CART] stock has seen the most recent analyst activity on April 19, 2024, when Loop Capital initiated its Buy rating and assigned the stock a price target of $46. Previously, Fox Advisors downgraded its rating to Equal Weight on April 01, 2024. On March 25, 2024, Macquarie initiated with a Outperform rating and assigned a price target of $42 on the stock. Bernstein upgraded its rating to a Outperform and increased its price target to $43 on March 14, 2024. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $28 as its price target on January 30, 2024. The Benchmark Company downgraded its rating to Hold for this stock on January 23, 2024. In a note dated January 22, 2024, The Benchmark Company initiated an Buy rating and provided a target price of $32 on this stock.
Maplebear Inc. [CART] stock has fluctuated between $22.13 and $42.95 over the past year. Currently, Wall Street analysts expect the stock to reach $41.22 within the next 12 months. Maplebear Inc. [NASDAQ: CART] shares were valued at $36.53 at the most recent close of the market. An investor can expect a potential return of 12.84% based on the average CART price forecast.
Analyzing the CART fundamentals
Maplebear Inc. [NASDAQ:CART] reported sales of 3.04B for the trailing twelve months, which represents a growth of 6.08%. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at -0.71%, Pretax Profit Margin comes in at -0.68%, and Net Profit Margin reading is -0.53%. To continue investigating profitability, this company’s Return on Assets is posted at -0.34, Equity is -0.62 and Total Capital is -0.54. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 35.96 points at the first support level, and at 35.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.31, and for the 2nd resistance point, it is at 38.09.
Maplebear Inc. [CART] reported earnings per share of $0.44 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.09/share, meaning a difference of $0.53 and a surprise factor of 588.90%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were -$20.86 per share as compared to estimates of -$12.97 per share, a difference of -$7.89 representing a surprise of -60.80%.
Ratios To Look Out For
For context, Maplebear Inc.’s Current Ratio is 4.51. In addition, the Quick Ratio stands at 4.51 and the Cash Ratio stands at 3.1. Considering the valuation of this stock, the price to sales ratio is 3.20, the price to book ratio is 2.72.
Transactions by insiders
Recent insider trading involved Ramsay Alan, CHIEF ACCOUNTING OFFICER, that happened on May 01 ’24 when 12178.0 shares were sold. PRESIDENT AND CEO, Simo Fidji completed a deal on May 01 ’24 to sell 3236.0 shares. Meanwhile, PRESIDENT AND CEO Simo Fidji sold 4308.0 shares on Apr 30 ’24.
