MakeMyTrip Ltd (NASDAQ: MMYT)’s stock price has gone decline by -4.40 in comparison to its previous close of 103.03, however, the company has experienced a -7.79% decrease 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.
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 54.23x. The 36-month beta value for MMYT is also noteworthy at 1.25. 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 63.39M, and at present, short sellers hold a 4.86% of that float. The average trading volume of MMYT on November 15, 2024 was 632.63K shares.
MMYT’s Market Performance
MMYT stock saw a decrease of -7.79% in the past week, with a monthly decline of -3.95% and a quarterly a decrease of 1.08%. The volatility ratio for the week is 3.40%, and the volatility levels for the last 30 days are 4.46% for MakeMyTrip Ltd (MMYT). The simple moving average for the past 20 days is -4.72% for MMYT’s stock, with a 18.75% 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 -2.99% 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 -13.30% of loss for the given period.
Volatility was left at 4.46%, however, over the last 30 days, the volatility rate increased by 3.40%, as shares sank -3.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.31% upper at present.
During the last 5 trading sessions, MMYT fell by -8.79%, which changed the moving average for the period of 200-days by +70.90% in comparison to the 20-day moving average, which settled at $103.32. In addition, MakeMyTrip Ltd saw 109.65% 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 -6.95.
Currently, EBITDA for the company is 138.77 million with net debt to EBITDA at -1.09. When we switch over and look at the enterprise to sales, we see a ratio of 12.02. 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
In summary, MakeMyTrip Ltd (MMYT) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
