Maplebear Inc. (NASDAQ:CART) traded at $33.67 at last check on Monday, June 10, made an upward move of 2.11% on its previous day’s price.
Looking at the stock we see that its previous close was $32.98. In terms of its 52-week price range, CART has a high of $42.95 and a low of $22.13. The company’s stock has lost about -6.69% over that past 30 days.
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Maplebear Inc. has a market cap of $8.91 billion. Estimates by analysts give the company expected earnings per share (EPS) of $0.13, with the EPS growth for the year raised at $1.05 for 2024 and $1.24 for next year. These figures represent 108.40% and 18.10% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $805.63 million, with a low of $780.5 million and a high of $821 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $3.34 billion, or 9.90% up from figures reported last year.
There have been 2 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term.
Looking further, we note the current price level is 3.49% off its SMA20 and -3.64% from its 50-day simple moving average. The RSI (14) is pointing at 52.87 while the volatility over the past week is 4.29% and jumps to 4.38% over the past one month.
Coming back to Maplebear Inc. (NASDAQ:CART), we note that the average 3-month trading volume was 4.00 million. Current shares outstanding are 279.05 million.
The insiders hold 43.56% of the company’s shares while institutions hold 42.26%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 43.48% up in year-to-date price movement.
