MakeMyTrip Ltd (NASDAQ: MMYT) has a higher price-to-earnings ratio of 49.96x compared to its average ratio, The 36-month beta value for MMYT is at 1.03. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for MMYT is 65.05M, and currently, shorts hold a 3.87% of that float. The average trading volume for MMYT on March 06, 2025 was 716.79K shares.
MMYT) stock’s latest price update
MakeMyTrip Ltd (NASDAQ: MMYT)’s stock price has dropped by -1.93 in relation to previous closing price of 93.47. Nevertheless, the company has seen a loss of -1.78% in its stock price over the last five trading days. zacks.com reported 2025-02-28 that Investors need to pay close attention to MakeMyTrip (MMYT) stock based on the movements in the options market lately.
MMYT’s Market Performance
MakeMyTrip Ltd (MMYT) has seen a -1.78% fall in stock performance for the week, with a -22.46% decline in the past month and a -20.11% plunge in the past quarter. The volatility ratio for the week is 4.89%, and the volatility levels for the past 30 days are at 4.94% for MMYT. The simple moving average for the past 20 days is -10.12% for MMYT’s stock, with a -7.12% simple moving average for the past 200 days.
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 -14.36% 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 -25.47% of loss for the given period.
Volatility was left at 4.94%, however, over the last 30 days, the volatility rate increased by 4.89%, as shares sank -22.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.02% lower at present.
During the last 5 trading sessions, MMYT fell by -1.78%, which changed the moving average for the period of 200-days by +7.38% in comparison to the 20-day moving average, which settled at $101.99. In addition, MakeMyTrip Ltd saw -18.36% 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 RAJESH MAGOW, who proposed sale 20,000 shares at the price of $118.89 back on Feb 04 ’25. After this action, RAJESH MAGOW now owns shares of MakeMyTrip Ltd, valued at $2,377,900 using the latest closing price.
MOHIT KABRA, the Officer of MakeMyTrip Ltd, proposed sale 640 shares at $123.00 during a trade that took place back on Dec 10 ’24, which means that MOHIT KABRA is holding shares at $78,720 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 10.59. 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
In conclusion, MakeMyTrip Ltd (MMYT) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
