Daily Market Movement: Maplebear Inc. (CART) Sees a -1.29 Decrease, Closing at 34.30

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The closing price of Maplebear Inc. (NASDAQ: CART) was $34.30 for the day, down -1.29% from the previous closing price of $34.75. In other words, the price has decreased by -$1.29 from its previous closing price. On the day, 3.24 million shares were traded. CART stock price reached its highest trading level at $34.98 during the session, while it also had its lowest trading level at $34.09.

Ratios:

Our analysis of CART’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.24. For the most recent quarter (mrq), Quick Ratio is recorded 3.78 and its Current Ratio is at 3.78. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Loop Capital on April 19, 2024, initiated with a Buy rating and assigned the stock a target price of $46.

On March 25, 2024, Macquarie started tracking the stock assigning a Outperform rating and target price of $42.Macquarie initiated its Outperform rating on March 25, 2024, with a $42 target price.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 01 ’24 when Ramsay Alan sold 12,178 shares for $34.90 per share. The transaction valued at 425,001 led to the insider holds 118,142 shares of the business.

Simo Fidji sold 3,236 shares of CART for $113,551 on May 01 ’24. The PRESIDENT AND CEO now owns 2,125,301 shares after completing the transaction at $35.09 per share. On Apr 30 ’24, another insider, Simo Fidji, who serves as the PRESIDENT AND CEO of the company, sold 4,308 shares for $35.01 each. As a result, the insider received 150,810 and left with 2,128,537 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CART now has a Market Capitalization of 9198299136 and an Enterprise Value of 7760186368. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.94 while its Price-to-Book (P/B) ratio in mrq is 2.90. Its current Enterprise Value per Revenue stands at 2.501 whereas that against EBITDA is -3.699.

Stock Price History:

Over the past 52 weeks, CART has reached a high of $42.95, while it has fallen to a 52-week low of $22.13. The 50-Day Moving Average of the stock is -5.32%, while the 200-Day Moving Average is calculated to be 17.91%.

Shares Statistics:

CART traded an average of 4.91M shares per day over the past three months and 4888970 shares per day over the past ten days. A total of 279.05M shares are outstanding, with a floating share count of 131.89M. Insiders hold about 50.42% of the company’s shares, while institutions hold 35.19% stake in the company. Shares short for CART as of 1714435200 were 8519490 with a Short Ratio of 1.73, compared to 1711584000 on 8437405. Therefore, it implies a Short% of Shares Outstanding of 8519490 and a Short% of Float of 15.17.

Earnings Estimates

Its stock is currently analyzed by 16 different market analysts. On average, analysts expect EPS of $0.09 for the current quarter, with a high estimate of $0.19 and a low estimate of -$0.04, while EPS last year was -$20.86. The consensus estimate for the next quarter is $0.15, with high estimates of $0.27 and low estimates of -$0.03.

Analysts are recommending an EPS of between $1.2 and $0.14 for the fiscal current year, implying an average EPS of $0.67. EPS for the following year is $1.0, with 19.0 analysts recommending between $1.48 and -$0.14.

Revenue Estimates

For the next quarter, 20 analysts are estimating revenue of $828.43M. There is a high estimate of $843.31M for the next quarter, whereas the lowest estimate is $812M.

A total of 23 analysts have provided revenue estimates for CART’s current fiscal year. The highest revenue estimate was $3.37B, while the lowest revenue estimate was $3.23B, resulting in an average revenue estimate of $3.32B. In the same quarter a year ago, actual revenue was $3.04BBased on 23 analysts’ estimates, the company’s revenue will be $3.61B in the next fiscal year. The high estimate is $3.82B and the low estimate is $3.48B.

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