In yesterday’s Wall Street session, Maplebear Inc. (NASDAQ:CART) shares traded at $32.35, up 1.60% from the previous session.
CART stock price is now -2.76% away from the 50-day moving average and 5.54% away from the 200-day moving average. The market capitalization of the company currently stands at $8.44B.
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, while ‘Gordon Haskett’ rates the stock as ‘Buy’
In other news, Simo Fidji, PRESIDENT AND CEO sold 8,500 shares of the company’s stock on Jul 29 ’24. The stock was sold for $293,511 at an average price of $34.53. Upon completion of the transaction, the PRESIDENT AND CEO now directly owns 1,951,167 shares in the company, valued at $63.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 29 ’24, Officer Simo Fidji bought 8,500 shares of the business’s stock. A total of $293,511 was incurred on buying the stock at an average price of $34.53. A total of 42.69% of the company’s stock is owned by insiders.
During the past 12 months, Maplebear Inc. has had a low of $22.13 and a high of $42.95. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 3.45, and a quick ratio of 3.45. The fifty day moving average price for CART is $33.2675 and a two-hundred day moving average price translates $30.65195 for the stock.
The latest earnings results from Maplebear Inc. (NASDAQ: CART) was released for 2024-06-30. The net profit margin was -52.27% and return on equity was -53.67% for CART. The company reported revenue of $823.0 million for the quarter, compared to $716.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.94 percent. For the current quarter, analysts expect CART to generate $840.99M in revenue.
