At the time of writing, MakeMyTrip Ltd [MMYT] stock is trading at $103.99, up 4.89%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MMYT shares have gain 1.40% over the last week, with a monthly amount drifted -2.67%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
MakeMyTrip Ltd [NASDAQ: MMYT] stock has seen the most recent analyst activity on February 21, 2024, when Macquarie downgraded its rating to a Neutral and also boosted its price target to $60 from $50. Previously, Morgan Stanley upgraded its rating to Overweight on December 08, 2022, and kept the price target unchanged to $36. On September 14, 2022, JP Morgan initiated with a Overweight rating and assigned a price target of $44 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $40 on August 30, 2022. Macquarie initiated its recommendation with a Outperform and recommended $42 as its price target on August 30, 2022. Morgan Stanley started tracking with a Equal-Weight rating for this stock on February 24, 2022, and assigned it a price target of $29. In a note dated February 16, 2021, BofA Securities upgraded an Neutral rating on this stock and boosted its target price from $14 to $32.
For the past year, the stock price of MakeMyTrip Ltd fluctuated between $36.81 and $110.49. Currently, Wall Street analysts expect the stock to reach $91 within the next 12 months. MakeMyTrip Ltd [NASDAQ: MMYT] shares were valued at $103.99 at the most recent close of the market. An investor can expect a potential drop of -12.49% based on the average MMYT price forecast.
Analyzing the MMYT fundamentals
According to MakeMyTrip Ltd [NASDAQ:MMYT], the company’s sales were 882.62M for trailing twelve months, which represents an 25.08% jump. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.22 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.2.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 101.02 points at the first support level, and at 98.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 105.80, and for the 2nd resistance point, it is at 107.61.
Ratios To Look Out For
It is important to note that MakeMyTrip Ltd [NASDAQ:MMYT] has a current ratio of 2.82. As well, the Quick Ratio is 2.81, while the Cash Ratio is 1.14. Considering the valuation of this stock, the price to sales ratio is 12.93, the price to book ratio is 9.79 and price to earnings (TTM) ratio is 57.26.
Transactions by insiders
Recent insider trading involved MOHIT KABRA, Officer, that happened on Sep 12 ’24 when 2500.0 shares were purchased. Officer, RAJESH MAGOW completed a deal on Aug 23 ’24 to buy 7389.0 shares. Meanwhile, Officer RAJESH MAGOW bought 17611.0 shares on Aug 22 ’24.
