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After finishing at $97.99 in the prior trading day, MakeMyTrip Ltd (NASDAQ: MMYT) closed at $99.13, up 1.16%. In other words, the price has increased by $1.16 from its previous closing price. On the day, 0.85 million shares were traded. MMYT stock price reached its highest trading level at $99.37 during the session, while it also had its lowest trading level at $96.92.
Ratios:
Our goal is to gain a better understanding of MMYT by taking a closer look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 10882689024 and an Enterprise Value of 10739200000. As of this moment, MakeMyTrip’s Price-to-Earnings (P/E) ratio for their current fiscal year is 54.02, and their Forward P/E ratio for the next fiscal year is 69.63. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 11.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.63 while its Price-to-Book (P/B) ratio in mrq is 9.61. Its current Enterprise Value per Revenue stands at 11.476 whereas that against EBITDA is 95.325.
Stock Price History:
The Beta on a monthly basis for MMYT is 1.00, which has changed by 0.37565923 over the last 52 weeks, in comparison to a change of 0.08089435 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 $60.55. The 50-Day Moving Average of the stock is -2.56%, while the 200-Day Moving Average is calculated to be -1.25%.
Shares Statistics:
The stock has traded on average 851.19K shares per day over the past 3-months and 714080 shares per day over the last 10 days, according to various share statistics. A total of 72.33M shares are outstanding, with a floating share count of 65.05M. Insiders hold about 40.74% of the company’s shares, while institutions hold 51.32% stake in the company. Shares short for MMYT as of 1741910400 were 2757227 with a Short Ratio of 3.24, compared to 1739491200 on 2518354. Therefore, it implies a Short% of Shares Outstanding of 2757227 and a Short% of Float of 4.84.
