In the past week, MMYT stock has gone up by 10.89%, with a monthly gain of 18.44% and a quarterly surge of 53.67%. The volatility ratio for the week is 5.52%, and the volatility levels for the last 30 days are 4.78% for MakeMyTrip Ltd The simple moving average for the past 20 days is 10.11% for MMYT’s stock, with a 58.10% simple moving average for the past 200 days.
Is It Worth Investing in MakeMyTrip Ltd (NASDAQ: MMYT) Right Now?
The price-to-earnings ratio for MakeMyTrip Ltd (NASDAQ: MMYT) is above average at 57.50x. The 36-month beta value for MMYT is also noteworthy at 1.31. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 rating it as “hold,” and 2 rating it as “sell.”
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The public float for MMYT is 63.28M, and at present, short sellers hold a 5.87% of that float. The average trading volume of MMYT on July 23, 2024 was 761.19K shares.
MMYT) stock’s latest price update
MakeMyTrip Ltd (NASDAQ: MMYT) has seen a rise in its stock price by 6.45 in relation to its previous close of 89.62. However, the company has experienced a 10.89% gain in its stock price over the last five trading sessions. zacks.com reported 2024-07-23 that MakeMyTrip (MMYT) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.30 per share a year ago.
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 16.07% 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 able to rebound, for now settling with 2.26% of gains for the given period.
Volatility was left at 4.78%, however, over the last 30 days, the volatility rate increased by 5.52%, as shares surge +17.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.24% upper at present.
During the last 5 trading sessions, MMYT rose by +11.20%, which changed the moving average for the period of 200-days by +141.52% in comparison to the 20-day moving average, which settled at $87.36. In addition, MakeMyTrip Ltd saw 103.07% 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
- 0.66 for the gross margin
The net margin for MakeMyTrip Ltd stands at 0.28. The total capital return value is set at 0.05. Equity return is now at value 22.60, with 14.36 for asset returns.
Based on MakeMyTrip Ltd (MMYT), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 0.61. The debt to equity ratio resting at 0.22. The interest coverage ratio of the stock is 3.06.
Currently, EBITDA for the company is 91.98 million with net debt to EBITDA at -0.68. When we switch over and look at the enterprise to sales, we see a ratio of 13.1. The receivables turnover for the company is 8.05for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.88.
Conclusion
In summary, MakeMyTrip Ltd (MMYT) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
