MakeMyTrip Ltd (NASDAQ: MMYT) is -12.79% lower on its value in year-to-date trading and has touched a low of $70.82 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 $97.13 in the last trading session, with the day’s gains setting it 0.79%.
Currently trading at $97.92, the stock is -6.41% and -1.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing 0.81% at the moment leaves the stock -4.55% off its SMA200. MMYT registered 36.36% gain for a year compared to 6-month loss of -4.24%.
The stock witnessed a -0.09% gain in the last 1 month and extending the period to 3 months gives it a -13.80%, and is -12.96% 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 5.65% over the week and 4.43% over the month.
MakeMyTrip Ltd (MMYT) has around 4576 employees, a market worth around $10.75B and $935.76M in sales. Current P/E ratio is 53.36 and Fwd P/E is 70.32. Profit margin for the company is 25.42%. Distance from 52-week low is 38.27% and -20.39% 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 -54.13% this year.
MakeMyTrip Ltd (MMYT) Top Institutional Holders
The shares outstanding are 72.33M, and float is at 65.05M with Short Float at 3.69%.
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
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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).
