For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The price of MakeMyTrip Ltd (NASDAQ: MMYT) closed at $101.60 in the last session, down -1.91% from day before closing price of $103.58. In other words, the price has decreased by -$1.91 from its previous closing price. On the day, 1.02 million shares were traded.
Ratios:
We take a closer look at MMYT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.88 and its Current Ratio is at 2.88. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.22.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BofA Securities on December 27, 2024, Reiterated its Buy rating but revised its target price to $130 from $119 previously.
On February 21, 2024, Macquarie Downgraded its rating to Neutral which previously was Outperform and also upped its target price recommendation from $50 to $60.
Morgan Stanley Upgraded its Equal-Weight to Overweight on December 08, 2022, while the target price for the stock was maintained at $36.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 04 ’25 when RAJESH MAGOW bought 20,000 shares for $118.89 per share.
MOHIT KABRA bought 640 shares of MMYT for $78,720 on Dec 10 ’24. On Dec 06 ’24, another insider, RAJESH MAGOW, who serves as the Officer of the company, bought 20,000 shares for $120.00 each.
Valuation Measures:
As of this moment, MakeMyTrip’s Price-to-Earnings (P/E) ratio for their current fiscal year is 55.37, and their Forward P/E ratio for the next fiscal year is 70.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 11.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.92 while its Price-to-Book (P/B) ratio in mrq is 9.85.
Stock Price History:
Over the past 52 weeks, MMYT has reached a high of $123.00, while it has fallen to a 52-week low of $55.60. The 50-Day Moving Average of the stock is -8.97%, while the 200-Day Moving Average is calculated to be 4.22%.
Shares Statistics:
A total of 72.33M shares are outstanding, with a floating share count of 65.05M. Insiders hold about 40.74% of the company’s shares, while institutions hold 51.31% stake in the company.
Earnings Estimates
The stock of MakeMyTrip Ltd (MMYT) is currently drawing attention from 1.0 analysts actively involved in the ongoing evaluation and rating process.The consensus estimate for the next quarter is $0.48, with high estimates of $0.48 and low estimates of $0.48.
Analysts are recommending an EPS of between $1.56 and $1.0 for the fiscal current year, implying an average EPS of $1.35. EPS for the following year is $2.04, with 3.0 analysts recommending between $2.1 and $2.0.
Revenue Estimates
According to 2 analysts, the current quarter’s revenue is expected to be $255.93M. It ranges from a high estimate of $260.02M to a low estimate of $251.83M. As of the current estimate, MakeMyTrip Ltd’s year-ago sales were $212.53MFor the next quarter, 2 analysts are estimating revenue of $308.12M. There is a high estimate of $308.12M for the next quarter, whereas the lowest estimate is $308.12M.
A total of 8 analysts have provided revenue estimates for MMYT’s current fiscal year. The highest revenue estimate was $1.01B, while the lowest revenue estimate was $938.35M, resulting in an average revenue estimate of $993.45M. In the same quarter a year ago, actual revenue was $817.42MBased on 8 analysts’ estimates, the company’s revenue will be $1.2B in the next fiscal year. The high estimate is $1.24B and the low estimate is $1.16B.
