The stock of MakeMyTrip Ltd (NASDAQ: MMYT) has decreased by -0.94 when compared to last closing price of 72.68. Despite this, the company has experienced a 2.17% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-09 that Here is how MakeMyTrip (MMYT) and nVent Electric (NVT) have performed compared to their sector so far this year.
Is It Worth Investing in MakeMyTrip Ltd (NASDAQ: MMYT) Right Now?
MakeMyTrip Ltd (NASDAQ: MMYT) has a higher price-to-earnings ratio of 160.00x compared to its average ratio, The 36-month beta value for MMYT is at 1.27. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 as “hold,” and 2 as “sell.”
The public float for MMYT is 62.22M, and currently, shorts hold a 6.17% of that float. The average trading volume for MMYT on May 09, 2024 was 801.91K shares.
MMYT’s Market Performance
MMYT’s stock has seen a 2.17% increase for the week, with a 2.80% rise in the past month and a 25.11% gain in the past quarter. The volatility ratio for the week is 4.27%, and the volatility levels for the past 30 days are at 4.20% for MakeMyTrip Ltd The simple moving average for the last 20 days is 7.13% for MMYT stock, with a simple moving average of 46.97% for the last 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 8.21% 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 -6.86% of loss for the given period.
Volatility was left at 4.20%, however, over the last 30 days, the volatility rate increased by 4.27%, as shares surge +1.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.59% upper at present.
During the last 5 trading sessions, MMYT rose by +1.66%, which changed the moving average for the period of 200-days by +151.02% in comparison to the 20-day moving average, which settled at $67.26. In addition, MakeMyTrip Ltd saw 53.26% 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 10.39. 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
In conclusion, MakeMyTrip Ltd (MMYT) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
