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MakeMyTrip Ltd (NASDAQ: MMYT) closed the day trading at $106.84 down -1.22% from the previous closing price of $108.16. In other words, the price has decreased by -$1.22 from its previous closing price. On the day, 0.62 million shares were traded. MMYT stock price reached its highest trading level at $108.62 during the session, while it also had its lowest trading level at $105.7.
Ratios:
For a better understanding of MMYT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.77 and its Current Ratio is at 2.78. 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.
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 Sep 12 ’24 when MOHIT KABRA bought 2,500 shares for $102.89 per share.
RAJESH MAGOW bought 7,389 shares of MMYT for $738,959 on Aug 23 ’24. On Aug 22 ’24, another insider, RAJESH MAGOW, who serves as the Officer of the company, bought 17,611 shares for $100.06 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 11729107968 and an Enterprise Value of 11524679680. As of this moment, MakeMyTrip’s Price-to-Earnings (P/E) ratio for their current fiscal year is 63.63, and their Forward P/E ratio for the next fiscal year is 65.32. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 63.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.96 while its Price-to-Book (P/B) ratio in mrq is 10.57. Its current Enterprise Value per Revenue stands at 13.715 whereas that against EBITDA is 126.248.
Stock Price History:
Over the past 52 weeks, MMYT has reached a high of $110.49, while it has fallen to a 52-week low of $36.81. The 50-Day Moving Average of the stock is 12.12%, while the 200-Day Moving Average is calculated to be 46.77%.
Shares Statistics:
Over the past 3-months, MMYT traded about 642.85K shares per day on average, while over the past 10 days, MMYT traded about 494630 shares per day. A total of 70.11M shares are outstanding, with a floating share count of 63.39M. Insiders hold about 42.26% of the company’s shares, while institutions hold 50.78% stake in the company. Shares short for MMYT as of 1724976000 were 2387711 with a Short Ratio of 3.90, compared to 1722384000 on 3049770. Therefore, it implies a Short% of Shares Outstanding of 2387711 and a Short% of Float of 4.19.
