MakeMyTrip Ltd (NASDAQ: MMYT) has a higher price-to-earnings ratio of 60.29x compared to its average ratio. MMYT has 36-month beta value of 1.28. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 2 as “sell.”
The public float for MMYT is 63.39M, and currently, short sellers hold a 3.77% ratio of that float. The average trading volume of MMYT on September 13, 2024 was 658.94K shares.
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MMYT) stock’s latest price update
MakeMyTrip Ltd (NASDAQ: MMYT) has seen a rise in its stock price by 1.38 in relation to its previous close of 99.85. However, the company has experienced a 7.97% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-12 that In the closing of the recent trading day, MakeMyTrip (MMYT) stood at $101.23, denoting a +1.38% change from the preceding trading day.
MMYT’s Market Performance
MakeMyTrip Ltd (MMYT) has seen a 7.97% rise in stock performance for the week, with a 6.52% gain in the past month and a 28.61% surge in the past quarter. The volatility ratio for the week is 4.53%, and the volatility levels for the past 30 days are at 4.39% for MMYT. The simple moving average for the last 20 days is 5.58% for MMYT stock, with a simple moving average of 44.67% 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 9.81% 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 -0.27% of loss for the given period.
Volatility was left at 4.39%, however, over the last 30 days, the volatility rate increased by 4.53%, as shares surge +6.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.33% upper at present.
During the last 5 trading sessions, MMYT rose by +7.97%, which changed the moving average for the period of 200-days by +138.36% in comparison to the 20-day moving average, which settled at $96.20. In addition, MakeMyTrip Ltd saw 115.47% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MMYT starting from MOHIT KABRA, who proposed sale 2,500 shares at the price of $102.89 back on Sep 12 ’24. After this action, MOHIT KABRA now owns shares of MakeMyTrip Ltd, valued at $257,236 using the latest closing price.
RAJESH MAGOW, the Officer of MakeMyTrip Ltd, proposed sale 7,389 shares at $100.01 during a trade that took place back on Aug 23 ’24, which means that RAJESH MAGOW is holding shares at $738,959 based on the most recent closing price.
Stock Fundamentals for MMYT
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.6 for the gross margin
The net margin for MakeMyTrip Ltd stands at 0.26. The total capital return value is set at 0.05. Equity return is now at value 22.20, with 13.93 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 0.75. The debt to equity ratio resting at 0.22. The interest coverage ratio of the stock is 3.4.
Currently, EBITDA for the company is 91.98 million with net debt to EBITDA at -0.81. When we switch over and look at the enterprise to sales, we see a ratio of 13.11. The receivables turnover for the company is 7.33for 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 2.78.
Conclusion
To put it simply, MakeMyTrip Ltd (MMYT) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
