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In the latest session, MakeMyTrip Ltd (NASDAQ: MMYT) closed at $86.03 down -5.71% from its previous closing price of $91.24. In other words, the price has decreased by -$5.71 from its previous closing price. On the day, 1.04 million shares were traded. MMYT stock price reached its highest trading level at $92.9511 during the session, while it also had its lowest trading level at $85.98.
Ratios:
For a deeper understanding of MakeMyTrip Ltd’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.39 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 0.23.
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 9444545536 and an Enterprise Value of 9064987648. As of this moment, MakeMyTrip’s Price-to-Earnings (P/E) ratio for their current fiscal year is 51.86, and their Forward P/E ratio for the next fiscal year is 50.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 51.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.07 while its Price-to-Book (P/B) ratio in mrq is 8.75. Its current Enterprise Value per Revenue stands at 11.584 whereas that against EBITDA is 109.608.
Stock Price History:
The Beta on a monthly basis for MMYT is 1.31, which has changed by 1.9594083 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, MMYT has reached a high of $93.29, while it has fallen to a 52-week low of $28.13. The 50-Day Moving Average of the stock is 6.60%, while the 200-Day Moving Average is calculated to be 45.39%.
Shares Statistics:
For the past three months, MMYT has traded an average of 741.64K shares per day and 770100 over the past ten days. A total of 70.11M shares are outstanding, with a floating share count of 63.28M. Insiders hold about 42.35% of the company’s shares, while institutions hold 49.84% stake in the company. Shares short for MMYT as of 1719532800 were 3713968 with a Short Ratio of 5.01, compared to 1717113600 on 3588935. Therefore, it implies a Short% of Shares Outstanding of 3713968 and a Short% of Float of 6.52.
