The closing price of MakeMyTrip Ltd (NASDAQ: MMYT) was $70.04 for the day, up 0.62% from the previous closing price of $69.61. In other words, the price has increased by $+0.43 from its previous closing price. On the day, 673306 shares were traded.
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 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 7.55B and an Enterprise Value of 7.19B. As of this moment, MakeMyTrip’s Price-to-Earnings (P/E) ratio for their current fiscal year is 155.64, and their Forward P/E ratio for the next fiscal year is 61.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 155.64. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.49 while its Price-to-Book (P/B) ratio in mrq is 8.35. Its current Enterprise Value per Revenue stands at 9.88 whereas that against EBITDA is 96.88.
Stock Price History:
Over the past 52 weeks, MMYT has reached a high of $77.30, while it has fallen to a 52-week low of $22.50. The 50-Day Moving Average of the stock is 62.69, while the 200-Day Moving Average is calculated to be 45.07.
Shares Statistics:
MMYT traded an average of 821.95K shares per day over the past three months and 975.46k shares per day over the past ten days. 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 51.28% stake in the company. Shares short for MMYT as of Mar 15, 2024 were 3.83M with a Short Ratio of 4.96, compared to 3.93M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.51% and a Short% of Float of 7.50%.
Earnings Estimates
The firm’s stock currently is rated by 3 analysts. On average, analysts expect EPS of $0.2 for the current quarter, with a high estimate of $0.26 and a low estimate of $0.16, 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 $0.31.
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 $1.33, with 7 analysts recommending between $1.64 and $1.2.
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 $205.8M to a low estimate of $203.01M. As of the current estimate, MakeMyTrip Ltd’s year-ago sales were $148.52M, an estimated increase of 37.60% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $255.21M, an increase of 29.70% less than the figure of $37.60% in the same quarter last year. There is a high estimate of $255.21M for the next quarter, whereas the lowest estimate is $255.21M.
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 $799.14M. In the same quarter a year ago, actual revenue was $593.04M, up 34.80% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $981.56M in the next fiscal year. The high estimate is $1B and the low estimate is $943.25M. The average revenue growth estimate for next year is up 22.80% from the average revenue estimate for this year.
