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In the latest session, MakeMyTrip Ltd (NASDAQ: MMYT) closed at $93.92 down -5.48% from its previous closing price of $99.37. In other words, the price has decreased by -$5.48 from its previous closing price. On the day, 0.88 million shares were traded. MMYT stock price reached its highest trading level at $98.03 during the session, while it also had its lowest trading level at $93.64.
Ratios:
For a deeper understanding of MakeMyTrip Ltd’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.77 and its Current Ratio is at 2.78. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.23.
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 the company, Macquarie on February 21, 2024, Downgraded its rating to Neutral and sets its target price to $60 from $50 previously.
On December 08, 2022, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight but kept the price unchanged to $36.
On September 14, 2022, JP Morgan started tracking the stock assigning a Overweight rating and target price of $44.JP Morgan initiated its Overweight rating on September 14, 2022, with a $44 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 12 ’24 when MOHIT KABRA bought 2,500 shares for $102.89 per share.
RAJESH MAGOW bought 7,389 shares of MMYT for $738,959 on Aug 23 ’24. On Aug 22 ’24, another insider, RAJESH MAGOW, who serves as the Officer of the company, bought 17,611 shares for $100.06 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MMYT now has a Market Capitalization of 10310725632 and an Enterprise Value of 10077310976. As of this moment, MakeMyTrip’s Price-to-Earnings (P/E) ratio for their current fiscal year is 55.94, and their Forward P/E ratio for the next fiscal year is 56.47. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.27 while its Price-to-Book (P/B) ratio in mrq is 9.29. Its current Enterprise Value per Revenue stands at 11.992 whereas that against EBITDA is 110.393.
Stock Price History:
Over the past 52 weeks, MMYT has reached a high of $110.49, while it has fallen to a 52-week low of $36.81. The 50-Day Moving Average of the stock is -2.35%, while the 200-Day Moving Average is calculated to be 25.65%.
Shares Statistics:
For the past three months, MMYT has traded an average of 743.60K shares per day and 1210820 over the past ten days. A total of 70.11M shares are outstanding, with a floating share count of 63.39M. Insiders hold about 42.26% of the company’s shares, while institutions hold 50.57% stake in the company. Shares short for MMYT as of 1726185600 were 2508794 with a Short Ratio of 3.37, compared to 1723680000 on 3030037. Therefore, it implies a Short% of Shares Outstanding of 2508794 and a Short% of Float of 4.3999999999999995.
