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The closing price of MakeMyTrip Ltd (NASDAQ: MMYT) was $105.34 for the day, down -4.94% from the previous closing price of $110.82. In other words, the price has decreased by -$4.94 from its previous closing price. On the day, 1.03 million shares were traded. MMYT stock price reached its highest trading level at $108.0 during the session, while it also had its lowest trading level at $104.32.
Ratios:
Our analysis of MMYT’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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:
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 11564435456 and an Enterprise Value of 11088557056. As of this moment, MakeMyTrip’s Price-to-Earnings (P/E) ratio for their current fiscal year is 57.41, and their Forward P/E ratio for the next fiscal year is 72.77. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 12.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.36 while its Price-to-Book (P/B) ratio in mrq is 10.21. Its current Enterprise Value per Revenue stands at 12.563 whereas that against EBITDA is 110.22.
Stock Price History:
The Beta on a monthly basis for MMYT is 1.34, which has changed by 0.92864597 over the last 52 weeks, in comparison to a change of 0.21313763 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 $55.50. The 50-Day Moving Average of the stock is -6.39%, while the 200-Day Moving Average is calculated to be 8.87%.
Shares Statistics:
MMYT traded an average of 617.90K shares per day over the past three months and 871020 shares per day over the past ten days. A total of 72.33M shares are outstanding, with a floating share count of 63.36M. Insiders hold about 42.29% of the company’s shares, while institutions hold 51.54% stake in the company. Shares short for MMYT as of 1735603200 were 2628444 with a Short Ratio of 3.95, compared to 1732838400 on 2907453. Therefore, it implies a Short% of Shares Outstanding of 2628444 and a Short% of Float of 4.61.
Earnings Estimates
A comprehensive evaluation of MakeMyTrip Ltd (MMYT) is underway, with the input of 1.0 analysts contributing to its current rating.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
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. 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.
