The stock of MakeMyTrip Ltd (MMYT) has gone up by 1.84% for the week, with a -2.69% drop in the past month and a 9.00% rise in the past quarter. The volatility ratio for the week is 4.37%, and the volatility levels for the past 30 days are 4.93% for MMYT. The simple moving average for the last 20 days is 2.80% for MMYT stock, with a simple moving average of 17.64% for the last 200 days.
Is It Worth Investing in MakeMyTrip Ltd (NASDAQ: MMYT) Right Now?
MakeMyTrip Ltd (NASDAQ: MMYT) has a higher price-to-earnings ratio of 60.74x compared to its average ratio. MMYT has 36-month beta value of 1.29. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 4 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for MMYT is 63.39M, and currently, short sellers hold a 3.85% ratio of that float. The average trading volume of MMYT on January 31, 2025 was 572.22K shares.
MMYT) stock’s latest price update
MakeMyTrip Ltd (NASDAQ: MMYT)’s stock price has plunge by 2.50relation to previous closing price of 108.73. Nevertheless, the company has seen a 1.84% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2025-01-27 that MakeMyTrip stock has surged 127.23% in a year, driven by record-breaking growth and favorable macro trends, with FY 2025 showing promising results. Despite a premium valuation, a TTM PEG of 0.18 suggests MMYT may be undervalued, with significant growth prospects in India’s booming travel industry. The company has delivered positive earnings for nine consecutive quarters, with major revenue from its hotels and packaging segment, and international expansion opportunities.
Analysts’ Opinion of MMYT
Many brokerage firms have already submitted their reports for MMYT stocks, with BofA Securities repeating the rating for MMYT by listing it as a “Buy.” The predicted price for MMYT in the upcoming period, according to BofA Securities is $130 based on the research report published on December 27, 2024 of the previous year 2024.
Macquarie, on the other hand, stated in their research note that they expect to see MMYT reach a price target of $60, previously predicting the price at $50. The rating they have provided for MMYT stocks is “Neutral” according to the report published on February 21st, 2024.
Morgan Stanley gave a rating of “Overweight” to MMYT, setting the target price at $36 in the report published on December 08th of the previous year.
MMYT Trading at 0.13% 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 -9.39% of loss for the given period.
Volatility was left at 4.93%, however, over the last 30 days, the volatility rate increased by 4.37%, as shares sank -2.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.17% upper at present.
During the last 5 trading sessions, MMYT rose by +1.84%, which changed the moving average for the period of 200-days by +62.42% in comparison to the 20-day moving average, which settled at $108.41. In addition, MakeMyTrip Ltd saw -0.74% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MMYT starting from MOHIT KABRA, who proposed sale 640 shares at the price of $123.00 back on Dec 10 ’24. After this action, MOHIT KABRA now owns shares of MakeMyTrip Ltd, valued at $78,720 using the latest closing price.
RAJESH MAGOW, the Officer of MakeMyTrip Ltd, proposed sale 20,000 shares at $120.00 during a trade that took place back on Dec 06 ’24, which means that RAJESH MAGOW is holding shares at $2,400,000 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
- 0.57 for the gross margin
The net margin for MakeMyTrip Ltd stands at 0.25. The total capital return value is set at 0.07. Equity return is now at value 23.09, with 14.26 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 0.5. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 4.24.
Currently, EBITDA for the company is 138.77 million with net debt to EBITDA at -0.89. When we switch over and look at the enterprise to sales, we see a ratio of 12.91. The receivables turnover for the company is 6.12for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.88.
Conclusion
To put it simply, MakeMyTrip Ltd (MMYT) has had a mixed performance in recent times. Analysts have a bullish 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.
