MakeMyTrip Ltd [MMYT] stock is trading at $113.45, up 10.94%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MMYT shares have gain 12.26% over the last week, with a monthly amount glided 15.21%, and 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.
MakeMyTrip Ltd [MMYT] stock has fluctuated between $39.20 and $110.49 over the past year. Currently, Wall Street analysts expect the stock to reach $91 within the next 12 months. MakeMyTrip Ltd [NASDAQ: MMYT] shares were valued at $113.45 at the most recent close of the market. An investor can expect a potential drop of -19.79% based on the average MMYT price forecast.
Analyzing the MMYT fundamentals
MakeMyTrip Ltd [NASDAQ:MMYT] reported sales of 882.62M for the trailing twelve months, which represents a growth of 25.08%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.
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 106.70 points at the first support level, and at 99.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 116.91, and for the 2nd resistance point, it is at 120.36.
Ratios To Look Out For
For context, MakeMyTrip Ltd’s Current Ratio is 2.82. Further, the Quick Ratio stands at 2.81, while the Cash Ratio is 1.14. Considering the valuation of this stock, the price to sales ratio is 14.11, the price to book ratio is 10.68 and price to earnings (TTM) ratio is 62.47.
Transactions by insiders
Recent insider trading involved RAJESH MAGOW, Officer, that happened on Nov 06 ’24 when 85000.0 shares were purchased. Officer, MOHIT KABRA completed a deal on Nov 06 ’24 to buy 4400.0 shares. Meanwhile, Director Xiong Xing bought 8620.0 shares on Nov 06 ’24.
