MakeMyTrip Ltd (NASDAQ: MMYT) is -5.04% lower on its value in year-to-date trading and has touched a low of $60.55 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 $108.07 in the last trading session, with the day’s loss setting it -1.45%.
Currently trading at $106.62, the stock is 11.54% and 4.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing -1.34% at the moment leaves the stock 6.68% off its SMA200. MMYT registered 55.13% gain for a year compared to 6-month loss of -3.28%. The firm has a 50-day simple moving average (SMA 50) of $101.8864 and a 200-day simple moving average (SMA200) of $99.81355.
The stock witnessed a 14.89% gain in the last 1 month and extending the period to 3 months gives it a -3.95%, and is 6.50% 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 3.12% over the week and 4.10% over the month.
MakeMyTrip Ltd (MMYT) has around 4576 employees, a market worth around $11.71B and $935.76M in sales. Current P/E ratio is 58.10 and Fwd P/E is 74.89. Profit margin for the company is 25.42%. Distance from 52-week low is 76.09% and -13.32% 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 -53.33% this year
482.0 institutions hold shares in MakeMyTrip Ltd (MMYT), with institutional investors hold 111.86% of the company’s shares. The shares outstanding are 72.33M, and float is at 65.05M with Short Float at 4.24%. Institutions hold 85.90% of the Float.
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).
