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MakeMyTrip Ltd (NASDAQ: MMYT) closed the day trading at $100.50 down -5.55% from the previous closing price of $106.41. In other words, the price has decreased by -$5.55 from its previous closing price. On the day, 1.15 million shares were traded. MMYT stock price reached its highest trading level at $102.85 during the session, while it also had its lowest trading level at $97.04.
Ratios:
For a better understanding of MMYT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.81 and its Current Ratio is at 2.82. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.19.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 10 ’24 when MOHIT KABRA bought 640 shares for $123.00 per share.
RAJESH MAGOW bought 20,000 shares of MMYT for $2,400,000 on Dec 06 ’24. On Nov 29 ’24, another insider, RAJESH MAGOW, who serves as the Officer of the company, bought 20,000 shares for $115.00 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 11681918976 and an Enterprise Value of 10791319552. As of this moment, MakeMyTrip’s Price-to-Earnings (P/E) ratio for their current fiscal year is 55.34, and their Forward P/E ratio for the next fiscal year is 60.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.50 while its Price-to-Book (P/B) ratio in mrq is 9.46. Its current Enterprise Value per Revenue stands at 12.227 whereas that against EBITDA is 107.265.
Stock Price History:
The Beta on a monthly basis for MMYT is 1.30, which has changed by 1.2326899 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. Over the past 52 weeks, MMYT has reached a high of $123.00, while it has fallen to a 52-week low of $45.21. The 50-Day Moving Average of the stock is -9.34%, while the 200-Day Moving Average is calculated to be 8.51%.
Shares Statistics:
Over the past 3-months, MMYT traded about 498.17K shares per day on average, while over the past 10 days, MMYT traded about 366410 shares per day. 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 51.41% stake in the company. Shares short for MMYT as of 1734048000 were 2829138 with a Short Ratio of 5.28, compared to 1731628800 on 2983116. Therefore, it implies a Short% of Shares Outstanding of 2829138 and a Short% of Float of 4.96.
