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Is Maplebear Inc. (NASDAQ: CART) a Risk-Worthy Bet for Bold Investors?

In the last trading session, 2.78 million Maplebear Inc. (NASDAQ:CART) shares changed hands as the company’s beta touched 0. With the company’s per share price at $27.38 changed hands at $0.78 or 2.93% during last session, the market valuation stood at $7.67B. CART’s last price was a discount, traded about -56.87% off its 52-week high of $42.95. The share price had its 52-week low at $22.13, which suggests the last value was 19.17% up since then. When we look at Maplebear Inc.’s average trading volume, we note the 10-day average is 2.8 million shares, with the 3-month average coming to 1.48.

Maplebear Inc. (NASDAQ:CART) trade information

Instantly CART was in green as seen at the end of in last trading. With action 14.37%, the performance over the past five days has been green. The jump to weekly highs of 27.99 added 2.93% to the stock’s daily price. The company’s shares are showing year-to-date upside of 16.66%, with the 5-day performance at 14.37% in the green. However, in the 30-day time frame, Maplebear Inc. (NASDAQ:CART) is 17.86% up. Looking at the short shares, we see there were 10.22 million shares sold at short interest cover period of 4.67 days.

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Consensus estimates given by 18 financial analysts project the company’s revenue in the current quarter to hit an average of $804.17 million. 17 analysts are of the opinion that Maplebear Inc.’s revenue for the quarter ending Mar 2024 will be $789.22 million.

CART Dividends

Maplebear Inc. is expected to release its next quarterly earnings report in March.

Maplebear Inc. (NASDAQ:CART)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 8.98% of Maplebear Inc. shares while 53.59% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 58.88%. There are 53.59% institutions holding the Maplebear Inc. stock share, with Fidelity NASDAQ Composite Index ETF the top institutional holder. As of Sep 29, 2023, the company held 0.02% of the shares, roughly 61966.0 CART shares worth $1.84 million.

First Trust U.S. Equity Opportunities ETF holds the second largest percentage of outstanding shares, with 0.01% or 23506.0 shares worth $0.7 million as of Sep 29, 2023.

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