In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, MakeMyTrip Ltd (NASDAQ: MMYT) closed at $72.68 up 1.21% from its previous closing price of $71.81. In other words, the price has increased by $1.21 from its previous closing price. On the day, 0.71 million shares were traded. MMYT stock price reached its highest trading level at $72.98 during the session, while it also had its lowest trading level at $69.81.
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 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 7926844416 and an Enterprise Value of 7621230080. As of this moment, MakeMyTrip’s Price-to-Earnings (P/E) ratio for their current fiscal year is 161.51, and their Forward P/E ratio for the next fiscal year is 61.21. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 161.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.89 while its Price-to-Book (P/B) ratio in mrq is 8.67. Its current Enterprise Value per Revenue stands at 10.466 whereas that against EBITDA is 104.26.
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 $25.08. The 50-Day Moving Average of the stock is 9.73%, while the 200-Day Moving Average is calculated to be 49.03%.
Shares Statistics:
For the past three months, MMYT has traded an average of 799.19K shares per day and 711550 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 51.19% stake in the company. Shares short for MMYT as of 1713139200 were 3838181 with a Short Ratio of 4.80, compared to 1710460800 on 3826493. Therefore, it implies a Short% of Shares Outstanding of 3838181 and a Short% of Float of 7.5200000000000005.
