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After finishing at $34.11 in the prior trading day, Maplebear Inc. (NASDAQ: CART) closed at $33.19, down -2.70%. In other words, the price has decreased by -$2.70 from its previous closing price. On the day, 1.75 million shares were traded. CART stock price reached its highest trading level at $34.6999 during the session, while it also had its lowest trading level at $33.14.
Ratios:
Our goal is to gain a better understanding of CART by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.63. 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 the company, Gordon Haskett on June 05, 2024, Upgraded its rating to Buy and sets its target price to $45 from $37 previously.
On April 19, 2024, Loop Capital started tracking the stock assigning a Buy rating and target price of $46.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 26 ’24 when Simo Fidji sold 8,500 shares for $33.04 per share. The transaction valued at 280,854 led to the insider holds 1,984,167 shares of the business.
Fong Morgan sold 9,228 shares of CART for $312,448 on Jun 20 ’24. The GENERAL COUNSEL & SECRETARY now owns 381,841 shares after completing the transaction at $33.86 per share. On Jun 20 ’24, another insider, Ramsay Alan, who serves as the CHIEF ACCOUNTING OFFICER of the company, sold 2,550 shares for $33.86 each. As a result, the insider received 86,341 and left with 110,536 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 9028907008 and an Enterprise Value of 7466370048. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.83 while its Price-to-Book (P/B) ratio in mrq is 2.81. Its current Enterprise Value per Revenue stands at 2.406 whereas that against EBITDA is -3.559.
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 -0.67%, while the 200-Day Moving Average is calculated to be 11.66%.
Shares Statistics:
The stock has traded on average 4.49M shares per day over the past 3-months and 4673530 shares per day over the last 10 days, according to various share statistics. A total of 279.05M shares are outstanding, with a floating share count of 148.65M. Insiders hold about 43.84% of the company’s shares, while institutions hold 42.33% stake in the company. Shares short for CART as of 1718323200 were 17440195 with a Short Ratio of 3.88, compared to 1715731200 on 9014402. Therefore, it implies a Short% of Shares Outstanding of 17440195 and a Short% of Float of 31.819999999999997.
