141 institutions hold shares in MakeMyTrip Limited (MMYT), with 29.42M shares held by insiders accounting for 27.52% while institutional investors hold 100.10% of the company’s shares. The shares outstanding are 106.71M, and float is at 46.09M with Short Float at 3.41%. Institutions hold 72.55% of the Float.
The top institutional shareholder in the company is FIL LTD with over 5.85 million shares valued at $172.67 million. The investor’s holdings represent 9.20% of the MMYT Shares outstanding. As of Dec 30, 2020, the second largest holder is Massachusetts Financial Services Co. with 4.9 million shares valued at $144.83 million to account for 7.71% of the shares outstanding. The other top investors are FMR, LLC which holds 4.53 million shares representing 7.12% and valued at over $133.7 million, while Brown Advisory Inc. holds 4.71% of the shares totaling 2.99 million with a market value of $88.38 million.
MakeMyTrip Limited (NASDAQ: MMYT) is -6.67% lower on its value in year-to-date trading and has touched a low of $12.12 and a high of $39.01 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MMYT stock was last observed hovering at around $27.54 in the last trading session, with the day’s gains setting it 0.02% off its average median price target of $35.00 for the next 12 months. It is also 29.33% off the consensus price target high of $39.00 offered by 5 analysts, but current levels are -53.11% lower than the price target low of $18.00 for the same period.
Currently trading at $27.56, the stock is -2.70% and -12.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.28 million and changing 0.07% at the moment leaves the stock 14.71% off its SMA200. MMYT registered 97.56% gain for a year compared to 6-month gain of 37.32%. The firm has a 50-day simple moving average (SMA 50) of $30.99 and a 200-day simple moving average (SMA200) of $27.81.
The stock witnessed a -9.55% loss in the last 1 month and extending the period to 3 months gives it a -6.48%, and is 9.98% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.29% over the week and 5.00% over the month.
MakeMyTrip Limited (MMYT) has around 3960 employees, a market worth around $2.85B and $279.20M in sales. Distance from 52-week low is 127.39% and -29.36% from its 52-week high. The company has generated returns on investments over the last 12 months (-48.60%).
MakeMyTrip Limited (MMYT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for MakeMyTrip Limited (MMYT) is a “Overweight”. 5 analysts offering their recommendations for the stock have an average rating of 2.40, where 1 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
MakeMyTrip Limited is expected to release its quarterly report on 08/04/2021 and quarterly earnings per share for the current quarter are estimated at -$0.12 with sales reaching $76.86M over the same period.The EPS is expected to shrink by -163.90% this year, but quarterly earnings will post -76.10% year-over-year. Quarterly sales are estimated to shrink -44.00% in year-over-year returns.
MakeMyTrip Limited (MMYT): Who are the competitors?
The company’s main competitors (and peers) include Expedia Group Inc. (EXPE) that is trading 147.22% up over the past 12 months. Short interest in the company’s stock has risen 18.23% from the last report on Apr 14, 2021 to stand at a total of 1.57 million short shares sold with a short interest ratio of 3.34.