MakeMyTrip Ltd (NASDAQ: MMYT) is 11.91% higher on its value in year-to-date trading and has touched a low of $76.95 and a high of $123.00 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 $94.73 in the last trading session, with the day’s gains setting it 1179905.27%.
Currently trading at $1180000.0, the stock is -3.21% and -7.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.89 million and changing -0.64% at the moment leaves the stock -9.20% off its SMA200. MMYT registered -16.17% loss for a year compared to 6-month loss of -17.82%. The firm has a 50-day simple moving average (SMA 50) of $101.6672 and a 200-day simple moving average (SMA200) of $103.6579.
The stock witnessed a -8.82% gain in the last 1 month and extending the period to 3 months gives it a -5.05%, and is -1.01% 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 2.84% over the week and 3.62% over the month.
MakeMyTrip Ltd (MMYT) has around 5122 employees, a market worth around $12.21B and $978.34M in sales. Current P/E ratio is 113.59 and Fwd P/E is 48.87. Profit margin for the company is 9.72%. Distance from 52-week low is 22.31% and -23.48% from its 52-week high. The company has generated returns on investments over the last 12 months (7.82%).
The EPS is expected to grow by 64.03% this year
494.0 institutions hold shares in MakeMyTrip Ltd (MMYT), with institutional investors hold 93.56% of the company’s shares. The shares outstanding are 71.36M, and float is at 69.56M with Short Float at 3.00%. Institutions hold 76.49% 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.
