Maplebear Inc. [CART] stock is trading at $43.98, up 2.45%. An important factor to consider is whether the stock is rising or falling in short-term value. The CART shares have gain 2.28% over the last week, with a monthly amount glided 9.35%, and 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 October 16, 2024, when Jefferies initiated its Hold rating and assigned the stock a price target of $43. On September 05, 2024, Cantor Fitzgerald initiated with a Overweight rating and assigned a price target of $45 on the stock. Wolfe Research started tracking the stock assigning a Peer Perform rating. KeyBanc Capital Markets initiated its recommendation with a Sector Weight. Gordon Haskett upgraded its rating to Buy for this stock on June 05, 2024, and upped its price target to $45. In a note dated April 19, 2024, Loop Capital initiated an Buy rating and provided a target price of $46 on this stock.
Maplebear Inc. [CART] stock has fluctuated between $22.13 and $45.01 over the past year. Currently, Wall Street analysts expect the stock to reach $43.71 within the next 12 months. Maplebear Inc. [NASDAQ: CART] shares were valued at $43.98 at the most recent close of the market. An investor can expect a potential drop of -0.61% based on the average CART price forecast.
Analyzing the CART fundamentals
Maplebear Inc. [NASDAQ:CART] reported sales of 3.21B for the trailing twelve months, which represents a growth of 14.94%. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at -0.68%, Pretax Profit Margin comes in at -0.66%, and Net Profit Margin reading is -0.52%. To continue investigating profitability, this company’s Return on Assets is posted at -0.42, Equity is -0.48 and Total Capital is -0.67. 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 42.94 points at the first support level, and at 41.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.07, and for the 2nd resistance point, it is at 46.17.
Ratios To Look Out For
For context, Maplebear Inc.’s Current Ratio is 3.45. On the other hand, the Quick Ratio is 3.45, and the Cash Ratio is 2.08. Considering the valuation of this stock, the price to sales ratio is 3.52, the price to book ratio is 3.81.
Transactions by insiders
Recent insider trading involved Fong Morgan, Officer, that happened on Oct 21 ’24 when 11325.0 shares were purchased. Officer, Ramsay Alan completed a deal on Oct 21 ’24 to buy 2559.0 shares. Meanwhile, PRESIDENT AND CEO Simo Fidji sold 20750.0 shares on Sep 30 ’24.
