The stock of MakeMyTrip Ltd (MMYT) has gone up by 2.47% for the week, with a 5.05% rise in the past month and a 10.65% rise in the past quarter. The volatility ratio for the week is 6.12%, and the volatility levels for the past 30 days are 4.54% for MMYT. The simple moving average for the past 20 days is 0.87% for MMYT’s stock, with a 27.77% simple moving average for the past 200 days.
Is It Worth Investing in MakeMyTrip Ltd (NASDAQ: MMYT) Right Now?
MakeMyTrip Ltd (NASDAQ: MMYT) has a price-to-earnings ratio that is above its average at 57.26x. 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.”
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The public float for MMYT is 63.39M, and at present, short sellers hold a 4.85% of that float. On November 08, 2024, the average trading volume of MMYT was 626.74K shares.
MMYT) stock’s latest price update
The stock price of MakeMyTrip Ltd (NASDAQ: MMYT) has dropped by -8.33 compared to previous close of 113.45. Despite this, the company has seen a gain of 2.47% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-23 that MakeMyTrip Limited (NASDAQ:MMYT ) Q2 2025 Earnings Conference Call October 23, 2024 7:30 AM ET Company Participants Rajesh Magow – Co-Founder & Group Chief Executive Officer Mohit Kabra – Group Chief Financial Officer Vipul Garg – Vice President, Investor Relations Conference Call Participants Sachin Salgaonkar – Bank of America Manish Adukia – Goldman Sachs Gaurav Rateria – Morgan Stanley Aditya Suresh – Macquarie Vijit Jain – Citi Ankur Rudra – JPMorgan Manik Taneja – Axis Capital Vipul Garg Hello everyone. I am Vipul Garg, Vice President, Investor Relations at MakeMyTrip Limited.
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 3.66% 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 -8.46% of loss for the given period.
Volatility was left at 4.54%, however, over the last 30 days, the volatility rate increased by 6.12%, 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 +8.04% upper at present.
During the last 5 trading sessions, MMYT rose by +2.47%, which changed the moving average for the period of 200-days by +117.16% in comparison to the 20-day moving average, which settled at $103.10. In addition, MakeMyTrip Ltd saw 121.37% 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 RAJESH MAGOW, who proposed sale 85,000 shares at the price of $108.35 back on Nov 06 ’24. After this action, RAJESH MAGOW now owns shares of MakeMyTrip Ltd, valued at $9,209,996 using the latest closing price.
MOHIT KABRA, the Officer of MakeMyTrip Ltd, proposed sale 4,400 shares at $113.00 during a trade that took place back on Nov 06 ’24, which means that MOHIT KABRA is holding shares at $497,200 based on the most recent closing price.
Stock Fundamentals for MMYT
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.56 for the gross margin
The net margin for MakeMyTrip Ltd stands at 0.27. The total capital return value is set at 0.07. Equity return is now at value 23.07, with 14.49 for asset returns.
Based on MakeMyTrip Ltd (MMYT), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at 0.87. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 4.76.
Currently, EBITDA for the company is 91.98 million with net debt to EBITDA at -1.28. When we switch over and look at the enterprise to sales, we see a ratio of 12.74. The receivables turnover for the company is 6.32for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.82.
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.
