MakeMyTrip Ltd (NASDAQ: MMYT) is 102.13% higher on its value in year-to-date trading and has touched a low of $36.81 and a high of $110.49 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 $94.51 in the last trading session, with the day’s gains setting it 0.45%.
Currently trading at $94.96, the stock is -5.24% and -1.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing 0.48% at the moment leaves the stock 29.45% off its SMA200. MMYT registered 135.22% gain for a year compared to 6-month gain of 33.65%. The firm has a 50-day simple moving average (SMA 50) of $96.0726 and a 200-day simple moving average (SMA200) of $73.6022.
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The stock witnessed a -1.35% loss in the last 1 month and extending the period to 3 months gives it a 12.91%, and is -12.46% down 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 5.59% over the week and 4.53% over the month.
MakeMyTrip Ltd (MMYT) has around 4576 employees, a market worth around $10.42B and $840.31M in sales. Current P/E ratio is 56.56 and Fwd P/E is 58.06. Profit margin for the company is 26.11%. Distance from 52-week low is 157.97% and -14.06% from its 52-week high. The company has generated returns on investments over the last 12 months (16.12%).
with sales reaching $217.04M over the same period.The EPS is expected to shrink by -40.97% this year, but quarterly earnings will post 25.80% year-over-year.
MakeMyTrip Ltd (MMYT) Top Institutional Holders
The shares outstanding are 70.11M, and float is at 63.39M with Short Float at 3.96%.
The top institutional shareholder in the company is FIL LTD with over 4.61 million shares valued at $387.73 million. The investor’s holdings represent 4.1364% of the MMYT Shares outstanding. As of 2024-06-30, the second largest holder is BAILLIE GIFFORD & CO with 4.07 million shares valued at $342.49 million to account for 3.6538 of the shares outstanding. The other top investors are SCHRODER INVESTMENT MANAGEMENT GROUP which holds 3.6 million shares representing 3.2269% and valued at over $302.48 million, while ARTISAN PARTNERS LIMITED PARTNERSHIP holds 2.5185 of the shares totaling 2.81 million with a market value of $236.07 million.
MakeMyTrip Ltd (MMYT) Insider Activity
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Still, SEC filings show that on Aug 22 ’24, RAJESH MAGOW (Officer) Proposed Sale 17,611 shares at an average price of $100.06 for $1.76 million. The insider now directly holds shares of MakeMyTrip Ltd (MMYT).
