MakeMyTrip Ltd (NASDAQ: MMYT) is 112.49% higher on its value in year-to-date trading and has touched a low of $35.97 and a high of $100.22 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MMYT stock was last observed hovering at around $93.50 in the last trading session, with the day’s gains setting it 6.33%.
Currently trading at $99.83, the stock is 8.51% and 13.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.94 million and changing 6.77% at the moment leaves the stock 51.54% off its SMA200. MMYT registered 172.31% gain for a year compared to 6-month gain of 73.92%.
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The stock witnessed a 3.01% loss in the last 1 month and extending the period to 3 months gives it a 22.15%, and is 5.16% 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 4.94% over the week and 5.44% over the month.
MakeMyTrip Ltd (MMYT) has around 4576 employees, a market worth around $10.96B and $840.31M in sales. Current P/E ratio is 59.46 and Fwd P/E is 57.18. Profit margin for the company is 26.11%. Distance from 52-week low is 177.54% and -0.39% from its 52-week high. The company has generated returns on investments over the last 12 months (16.12%).
The EPS is expected to shrink by -38.32% this year
The shares outstanding are 70.11M, and float is at 63.37M with Short Float at 4.81%.
The top institutional shareholder in the company is FIL LTD with over 5.47 million shares valued at $388.65 million. The investor’s holdings represent 4.9258 of the MMYT Shares outstanding. As of 2024-03-31, the second largest holder is FMR LLC with 3.87 million shares valued at $274.79 million to account for 3.4827 of the shares outstanding. The other top investors are CAPITAL INTERNATIONAL INVESTORS which holds 3.64 million shares representing 3.2778 and valued at over $258.62 million, while SCHRODER INVESTMENT MANAGEMENT GROUP holds 2.7815 of the shares totaling 3.09 million with a market value of $219.46 million.
MakeMyTrip Ltd (MMYT) Insider Activity
Still, SEC filings show that on Aug 15 ’24, RAJESH MAGOW (Officer) Proposed Sale 38,456 shares at an average price of $96.55 for $3.71 million. The insider now directly holds shares of MakeMyTrip Ltd (MMYT).
