Maplebear Inc. [NASDAQ: CART] traded at a low on Wednesday, posting a -4.23 loss after which it closed the day’ session at $32.85.
The results of the trading session contributed to over 10124104 shares changing hands. Over the past one week, the price volatility of Maplebear Inc. stands at 6.02% while the volatility over the past one month is 4.74%.
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The market cap for CART stock reached $8.70 billion, with 279.05 million shares outstanding and 131.23 million shares in the current float. Compared to the average trading volume of 4.77M shares, CART reached a trading volume of 10124104 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Maplebear Inc. [CART]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CART shares is $41.53 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CART stock is a recommendation set at 2.15. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Loop Capital have made an estimate for Maplebear Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 19, 2024. The new note on the price target was released on April 01, 2024, representing the official price target for Maplebear Inc. stock. Previously, the target price had yet another raise to $42, while Macquarie analysts kept a Outperform rating on CART stock. On March 14, 2024, analysts increased their price target for CART shares from 30 to 43.
The Average True Range (ATR) for Maplebear Inc. is set at 1.65, with the Price to Sales ratio for CART stock in the period of the last 12 months amounting to 2.80. The Price to Book ratio for the last quarter was 2.78, with the Price to Cash per share for the same quarter was set at 6.26. Price to Free Cash Flow for CART in the course of the last twelve months was 15.47 with Quick ratio for the last quarter at 3.78.
How has CART stock performed recently?
Maplebear Inc. [CART] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.35. With this latest performance, CART shares dropped by -11.10% in over the last four-week period, additionally plugging by 28.52% over the last 6 months.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CART stock in for the last two-week period is set at 35.29, with the RSI for the last a single of trading hit 28.52, and the three-weeks RSI is set at 40.56 for Maplebear Inc. [CART]. The present Moving Average for the last 50 days of trading for this stock 36.24, while it was recorded at 34.59 for the last single week of trading.
Maplebear Inc. [CART]: Deeper insight into the fundamentals
Maplebear Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.78 and a Current Ratio set at 3.78.
Insider trade positions for Maplebear Inc. [CART]
The top three institutional holders of CART stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CART stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CART stock with ownership which is approximately 5.8386%.
