Currently, Maplebear Inc. [CART] is trading at $44.54, up 1.74%. 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 4.16% over the last week, with a monthly amount glided 12.87%, 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.
This stock has fluctuated between a low of $22.13 and a high of $45.13 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $44.13 within the next 12 months. Maplebear Inc. [NASDAQ: CART] shares were valued at $44.54 at the most recent close of the market. An investor can expect a potential drop of -0.92% based on the average CART price forecast.
Analyzing the CART fundamentals
Trailing Twelve Months sales for Maplebear Inc. [NASDAQ:CART] were 3.21B which represents 14.94% growth. 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 44.05 points at the first support level, and at 43.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.99, and for the 2nd resistance point, it is at 45.44.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Maplebear Inc. [NASDAQ:CART] is 3.45. In addition, the Quick Ratio stands at 3.45 and the Cash Ratio stands at 2.08. Considering the valuation of this stock, the price to sales ratio is 3.57, the price to book ratio is 3.86.
Transactions by insiders
Recent insider trading involved Fong Morgan, GENERAL COUNSEL & SECRETARY, that happened on Oct 21 ’24 when 11325.0 shares were sold. CHIEF ACCOUNTING OFFICER, Ramsay Alan completed a deal on Oct 21 ’24 to sell 2559.0 shares. Meanwhile, Officer Fong Morgan bought 11325.0 shares on Oct 21 ’24.
