In the latest trading session, 1.41 million Maplebear Inc (NASDAQ:CART) shares changed hands as the company’s beta touched 0.96. With the company’s most recent per share price at $44.96 changing hands around $1.26 or 2.87% at last look, the market valuation stands at $11.55B. CART’s current price is a discount, trading about -11.23% off its 52-week high of $50.01. The share price had its 52-week low at $22.13, which suggests the last value was 50.78% up since then. When we look at Maplebear Inc’s average trading volume, we note the 10-day average is 3.85 million shares, with the 3-month average coming to 3.86 million.
Analysts gave the Maplebear Inc (CART) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.19. If we narrow down to specifics, the data shows that 0 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended CART as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Maplebear Inc’s EPS for the current quarter is expected to be 0.71.
Maplebear Inc (NASDAQ:CART) trade information
Instantly CART is in green as seen in intraday trades today. With action 3.25%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 91.54%, with the 5-day performance at 3.25% in the green. However, in the 30-day time frame, Maplebear Inc (NASDAQ:CART) is 0.71% up. Looking at the short shares, we see there were 11.59 million shares sold at short interest cover period of 3.26 days.
The consensus price target for the stock as assigned by Wall Street analysts is 49, meaning bulls need an upside of 8.24% from its recent market value. According to analyst projections, CART’s forecast low is 38 with 60 as the target high. To hit the forecast high, the stock’s price needs a -33.45% plunge from its current level, while the stock would need to tank 15.48% for it to hit the projected low.
Maplebear Inc (CART) estimates and forecasts
Data shows that the Maplebear Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 45.25% over the past 6 months, a 111.26% in annual growth rate that is considerably higher than the industry average of 16.80%. Year-over-year growth is forecast to reach 11.25% up from the last financial year.
Consensus estimates given by 24 financial analysts project the company’s revenue in the current quarter to hit an average of 889.08M. 19 analysts are of the opinion that Maplebear Inc’s revenue for the current quarter will be 894.56M. The company’s revenue for the corresponding quarters a year ago was 803M and 820M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 10.72%. The estimates for the next quarter sales put growth at 9.09%.
The 2024 estimates are for Maplebear Inc earnings to increase by 111.33%, but the outlook for the next 5-year period is at 24.02% per year.
CART Dividends
Maplebear Inc is expected to release its next quarterly earnings report in January.
Maplebear Inc (NASDAQ:CART)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 12.31% of Maplebear Inc shares while 70.86% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 80.80%. There are 70.86% institutions holding the Maplebear Inc stock share, with SC US (TTGP), LTD. the top institutional holder. As of 2024-06-30, the company held 15.7831% of the shares, roughly 41.91 million CART shares worth $1.35 billion.
D1 CAPITAL PARTNERS L.P. holds the second largest percentage of outstanding shares, with 10.8876% or 28.91 million shares worth $929.2 million as of 2024-06-30.
