MakeMyTrip Ltd (NASDAQ: MMYT) is -16.88% lower on its value in year-to-date trading and has touched a low of $56.90 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 $92.80 in the last trading session, with the day’s gains setting it 0.53%.
Currently trading at $93.33, the stock is -12.63% and -14.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.16 million and changing 0.57% at the moment leaves the stock -5.05% off its SMA200. MMYT registered 64.37% gain for a year compared to 6-month gain of -6.67%.
The stock witnessed a -10.31% loss in the last 1 month and extending the period to 3 months gives it a -14.91%, and is -10.46% 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 5.91% over the week and 5.01% over the month.
MakeMyTrip Ltd (MMYT) has around 4576 employees, a market worth around $10.25B and $935.76M in sales. Current P/E ratio is 50.86 and Fwd P/E is 64.47. Profit margin for the company is 25.42%. Distance from 52-week low is 64.02% and -24.12% from its 52-week high. The company has generated returns on investments over the last 12 months (16.84%).
The EPS is expected to shrink by -53.01% this year
The shares outstanding are 72.33M, and float is at 65.05M with Short Float at 4.09%.
The top institutional shareholder in the company is FIL LTD with over 4.61 million shares valued at $$387.73 million. The investor’s holdings represent 4.1154 of the MMYT Shares outstanding. As of 2024-06-30, the second largest holder is BAILLIE GIFFORD & CO with 4.07 million shares valued at $$342.49 million to account for 3.6353 of the shares outstanding. The other top investors are SCHRODER INVESTMENT MANAGEMENT GROUP which holds 3.6 million shares representing 3.2106 and valued at over $$302.48 million, while ARTISAN PARTNERS LIMITED PARTNERSHIP holds 2.5057 of the shares totaling 2.81 million with a market value of $$236.07 million.
MakeMyTrip Ltd (MMYT) Insider Activity
Still, SEC filings show that on Dec 06 ’24, RAJESH MAGOW (Officer) Proposed Sale 20,000 shares at an average price of $120.00 for $2.4 million. The insider now directly holds shares of MakeMyTrip Ltd (MMYT).
