In Thursday’s Wall Street session, Maplebear Inc (NASDAQ:CART) shares traded at $37.75, down -2.18% from the previous session.
CART stock price is now -17.57% away from the 50-day moving average and -5.05% away from the 200-day moving average. The market capitalization of the company currently stands at $9.99B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $62, Seaport Research Partners recently initiated with Buy rating for Maplebear Inc (NASDAQ: CART). On January 14, 2025, BTIG Research Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $58, while ‘Mizuho’ rates the stock as ‘Outperform’
In other news, Fong Morgan, Officer bought 5,246 shares of the company’s stock on Mar 05 ’25. The stock was bought for $203,744 at an average price of $38.84. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 05 ’25, Officer Simo Fidji bought 6,100 shares of the business’s stock. A total of $236,826 was incurred on buying the stock at an average price of $38.82. A total of 30.10% of the company’s stock is owned by insiders.
During the past 12 months, Maplebear Inc has had a low of $29.84 and a high of $53.44. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 3.38, and a quick ratio of 3.38.
The net profit margin was 13.32% and return on equity was 12.68% for CART. The company reported revenue of $883.0 million for the quarter, compared to $803.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.96 percent.
