In yesterday’s Wall Street session, Maplebear Inc. (NASDAQ:CART) shares traded at $41.83, up 4.92% from the previous session.
CART stock price is now 21.58% away from the 50-day moving average and 31.56% away from the 200-day moving average. The market capitalization of the company currently stands at $10.75B.
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With the price target of $45, Cantor Fitzgerald recently initiated with Overweight rating for Maplebear Inc. (NASDAQ: CART). , while ‘KeyBanc Capital Markets’ rates the stock as ‘Sector Weight’
In other news, Fong Morgan, Officer bought 20,910 shares of the company’s stock on Sep 19 ’24. The stock was bought for $842,359 at an average price of $40.28. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 18 ’24, Officer Fong Morgan bought 8,345 shares of the business’s stock. A total of $333,800 was incurred on buying the stock at an average price of $40.00. A total of 42.27% 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 $34.5767 and a two-hundred day moving average price translates $31.87825 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.
