Maplebear Inc (NASDAQ:CART) shares, rose in value on Thursday, December 12, with the stock price up by 0.58% to the previous day’s close as strong demand from buyers drove the stock to $41.89.
Actively observing the price movement in the last trading, the stock closed the session at $41.65, falling within a range of $40.88 and $42.35. The PE ratio was 26.38 over 12-month period. Referring to stock’s 52-week performance, its high was $50.01, and the low was $22.13. On the whole, CART has fluctuated by -13.34% over the past month.
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With the market capitalization of Maplebear Inc currently standing at about $10.76 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.38B, with a low estimate of 879M and a high estimate of 906M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 889.41M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CART’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.10, with the price of CART currently trading nearly -2.59% and -4.13% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.85, while the 7-day volatility ratio is showing 3.50% which for the 30-day chart, stands at 4.18%. Furthermore, Maplebear Inc (CART)’s beta value is 1.01, and its average true range (ATR) is 1.63.
A comparison of Maplebear Inc (CART) with its peers suggests the former has fared considerably weaker in the market. CART showed an intraday change of 0.58% in last session, and over the past year, it grew by 78.03%%.
Data on historical trading for Maplebear Inc (NASDAQ:CART) indicates that the trading volumes over the past 10 days have averaged 3.55 and over the past 3 months, they’ve averaged 3.96 million. According to company’s latest data on outstanding shares, there are 256.99 million shares outstanding.
Nearly 34.25% of Maplebear Inc’s shares belong to company insiders and institutional investors own 52.92% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.58 million shares as on 2024-11-29, resulting in a short ratio of 2.71. According to the data, the short interest in Maplebear Inc (CART) stood at 2463.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 10.8 million. The stock has risen by 78.48% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CART stock heading into the next quarter.
