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The price of MakeMyTrip Ltd (NASDAQ: MMYT) closed at $104.00 in the last session, down -8.33% from day before closing price of $113.45. In other words, the price has decreased by -$8.33 from its previous closing price. On the day, 0.88 million shares were traded. MMYT stock price reached its highest trading level at $112.58 during the session, while it also had its lowest trading level at $103.5.
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 2.81 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 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:
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 Nov 06 ’24 when RAJESH MAGOW bought 85,000 shares for $108.35 per share.
MOHIT KABRA bought 4,400 shares of MMYT for $497,200 on Nov 06 ’24. On Nov 06 ’24, another insider, Xiong Xing, who serves as the Director of the company, bought 8,620 shares for $102.43 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 12454832128 and an Enterprise Value of 11183897600. As of this moment, MakeMyTrip’s Price-to-Earnings (P/E) ratio for their current fiscal year is 57.26, and their Forward P/E ratio for the next fiscal year is 63.47. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.95. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.94 while its Price-to-Book (P/B) ratio in mrq is 9.79. Its current Enterprise Value per Revenue stands at 12.671 whereas that against EBITDA is 111.168.
Stock Price History:
Over the past 52 weeks, MMYT has reached a high of $113.61, while it has fallen to a 52-week low of $39.20. The 50-Day Moving Average of the stock is 3.66%, while the 200-Day Moving Average is calculated to be 27.77%.
Shares Statistics:
According to the various share statistics, MMYT traded on average about 626.74K shares per day over the past 3-months and 538490 shares per day over the past 10 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 51.04% stake in the company. Shares short for MMYT as of 1728950400 were 3075637 with a Short Ratio of 4.91, compared to 1726185600 on 2508794. Therefore, it implies a Short% of Shares Outstanding of 3075637 and a Short% of Float of 5.4.
