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MakeMyTrip Ltd (NASDAQ: MMYT) closed the day trading at $67.52 up 1.98% from the previous closing price of $66.21. In other words, the price has increased by $1.98 from its previous closing price. On the day, 0.56 million shares were traded. MMYT stock price reached its highest trading level at $68.935 during the session, while it also had its lowest trading level at $65.54.
Ratios:
For a better understanding of MMYT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.53 and its Current Ratio is at 1.53. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.05.
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.
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 7364068352 and an Enterprise Value of 7144832000. As of this moment, MakeMyTrip’s Price-to-Earnings (P/E) ratio for their current fiscal year is 150.04, and their Forward P/E ratio for the next fiscal year is 59.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 150.04. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.11 while its Price-to-Book (P/B) ratio in mrq is 8.05. Its current Enterprise Value per Revenue stands at 9.812 whereas that against EBITDA is 97.743.
Stock Price History:
The Beta on a monthly basis for MMYT is 1.26, which has changed by 1.7051282 over the last 52 weeks, in comparison to a change of 0.23568535 over the same period for the S&P500. Over the past 52 weeks, MMYT has reached a high of $77.30, while it has fallen to a 52-week low of $23.28. The 50-Day Moving Average of the stock is 4.05%, while the 200-Day Moving Average is calculated to be 41.50%.
Shares Statistics:
Over the past 3-months, MMYT traded about 843.60K shares per day on average, while over the past 10 days, MMYT traded about 772200 shares per day. A total of 66.46M shares are outstanding, with a floating share count of 62.22M. Insiders hold about 42.95% of the company’s shares, while institutions hold 51.85% stake in the company. Shares short for MMYT as of 1713139200 were 3838181 with a Short Ratio of 4.55, compared to 1710460800 on 3826493. Therefore, it implies a Short% of Shares Outstanding of 3838181 and a Short% of Float of 7.5200000000000005.
Earnings Estimates
The current rating of MakeMyTrip Ltd (MMYT) is the result of assessments by 3.0 analysts actively engaged in evaluating its market dynamics.On average, analysts expect EPS of $0.19 for the current quarter, with a high estimate of $0.26 and a low estimate of $0.14, while EPS last year was $0.08. The consensus estimate for the next quarter is $0.34, with high estimates of $0.37 and low estimates of $0.3.
Analysts are recommending an EPS of between $1.3 and $0.6 for the fiscal current year, implying an average EPS of $0.87. EPS for the following year is $1.32, with 7.0 analysts recommending between $1.64 and $1.17.
Revenue Estimates
2 analysts predict $198.18M in revenue for the current quarter. It ranges from a high estimate of $205.8M to a low estimate of $190.56M. As of the current estimate, MakeMyTrip Ltd’s year-ago sales were $148.52MFor the next quarter, 2 analysts are estimating revenue of $250.63M. There is a high estimate of $250.63M for the next quarter, whereas the lowest estimate is $250.63M.
A total of 7 analysts have provided revenue estimates for MMYT’s current fiscal year. The highest revenue estimate was $810.99M, while the lowest revenue estimate was $763.05M, resulting in an average revenue estimate of $797.36M. In the same quarter a year ago, actual revenue was $593.04MBased on 7 analysts’ estimates, the company’s revenue will be $978.84M in the next fiscal year. The high estimate is $1B and the low estimate is $943.25M.
