MakeMyTrip Ltd (NASDAQ: MMYT) has a price-to-earnings ratio that is above its average at 150.04x. The stock has a 36-month beta value of 1.27. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 2 as “sell.”
The public float for MMYT is 62.22M, and at present, short sellers hold a 6.17% of that float. On April 26, 2024, the average trading volume of MMYT was 835.39K shares.
MMYT) stock’s latest price update
MakeMyTrip Ltd (NASDAQ: MMYT) has seen a rise in its stock price by 3.02 in relation to its previous close of 65.54. However, the company has experienced a 10.29% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-24 that Looking forward, India’s online travel market has the potential to grow significantly in line with the expansion of the country’s internet user base and middle-income population. MMYT is a good play to capitalize on the Indian online travel industry’s future growth, as it is the country’s largest Online Travel Agency or OTA. I assign a Buy investment rating to MakeMyTrip in view of the company’s positive financial prospects.
MMYT’s Market Performance
MakeMyTrip Ltd (MMYT) has seen a 10.29% rise in stock performance for the week, with a -3.16% decline in the past month and a 40.58% surge in the past quarter. The volatility ratio for the week is 4.21%, and the volatility levels for the past 30 days are at 4.41% for MMYT. The simple moving average for the past 20 days is -0.44% for MMYT’s stock, with a 43.80% simple moving average for the past 200 days.
Analysts’ Opinion of MMYT
Many brokerage firms have already submitted their reports for MMYT stocks, with Macquarie repeating the rating for MMYT by listing it as a “Neutral.” The predicted price for MMYT in the upcoming period, according to Macquarie is $60 based on the research report published on February 21, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see MMYT reach a price target of $36. The rating they have provided for MMYT stocks is “Overweight” according to the report published on December 08th, 2022.
JP Morgan gave a rating of “Overweight” to MMYT, setting the target price at $44 in the report published on September 14th of the previous year.
MMYT Trading at 5.15% from the 50-Day Moving Average
After a stumble in the market that brought MMYT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.65% of loss for the given period.
Volatility was left at 4.41%, however, over the last 30 days, the volatility rate increased by 4.21%, as shares sank -4.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.13% upper at present.
During the last 5 trading sessions, MMYT rose by +10.29%, which changed the moving average for the period of 200-days by +140.71% in comparison to the 20-day moving average, which settled at $67.67. In addition, MakeMyTrip Ltd saw 43.72% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MMYT
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.72 for the gross margin
The net margin for MakeMyTrip Ltd stands at 0.07. The total capital return value is set at 0.06. Equity return is now at value 5.84, with 3.53 for asset returns.
Based on MakeMyTrip Ltd (MMYT), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 0.69. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is 2.21.
Currently, EBITDA for the company is 61.98 million with net debt to EBITDA at -0.58. When we switch over and look at the enterprise to sales, we see a ratio of 9.68. The receivables turnover for the company is 7.85for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.
Conclusion
To sum up, MakeMyTrip Ltd (MMYT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
