MakeMyTrip Ltd (NASDAQ: MMYT) is -2.53% lower on its value in year-to-date trading and has touched a low of $47.04 and a high of $123.00 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 $103.15 in the last trading session, with the day’s gains setting it 6.29%.
Currently trading at $109.44, the stock is -0.63% and -1.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing 6.10% at the moment leaves the stock 16.72% off its SMA200. MMYT registered 118.75% gain for a year compared to 6-month gain of 12.93%. The firm has a 50-day simple moving average (SMA 50) of $110.8954 and a 200-day simple moving average (SMA200) of $93.5986.
The stock witnessed a -3.15% loss in the last 1 month and extending the period to 3 months gives it a 4.64%, and is 4.13% 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 6.34% over the week and 4.78% over the month.
MakeMyTrip Ltd (MMYT) has around 4576 employees, a market worth around $12.01B and $882.62M in sales. Current P/E ratio is 60.26 and Fwd P/E is 67.75. Profit margin for the company is 26.64%. Distance from 52-week low is 132.65% and -11.02% from its 52-week high. The company has generated returns on investments over the last 12 months (16.92%).
with sales reaching $260.02M over the same period.The EPS is expected to shrink by -45.89% this year, but quarterly earnings will post 21.05% year-over-year. Quarterly sales are estimated to grow 22.35% in year-over-year returns.
The shares outstanding are 70.11M, and float is at 63.39M with Short Float at 4.15%.
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
Still, SEC filings show that on Nov 29 ’24, RAJESH MAGOW (Officer) Proposed Sale 20,000 shares at an average price of $115.00 for $2.3 million. The insider now directly holds shares of MakeMyTrip Ltd (MMYT).
