A share price of MakeMyTrip Ltd [MMYT] is currently trading at $106.96, up 2.79%. An important factor to consider is whether the stock is rising or falling in short-term value. The MMYT shares have gain 7.40% over the last week, with a monthly amount drifted -6.32%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
MakeMyTrip Ltd [NASDAQ: MMYT] stock has seen the most recent analyst activity on December 27, 2024, when BofA Securities reiterated its Buy rating and also boosted its price target to $130 from $119. Previously, Macquarie downgraded its rating to Neutral on February 21, 2024, and elevated its price target to $60. On December 08, 2022, upgrade upgraded it’s rating to Overweight but maintained its price target of $36 on the stock. JP Morgan started tracking the stock assigning a Overweight rating and suggested a price target of $44 on September 14, 2022. BofA Securities upgraded its rating to a Buy and raised its price target to $40 on August 30, 2022. Macquarie started tracking with a Outperform rating for this stock on August 30, 2022, and assigned it a price target of $42. In a note dated February 24, 2022, Morgan Stanley initiated an Equal-Weight rating and provided a target price of $29 on this stock.
MakeMyTrip Ltd experienced fluctuations in its stock price throughout the past year between $49.97 and $123.00. Currently, Wall Street analysts expect the stock to reach $115.5 within the next 12 months. MakeMyTrip Ltd [NASDAQ: MMYT] shares were valued at $106.96 at the most recent close of the market. An investor can expect a potential return of 7.98% based on the average MMYT price forecast.
Analyzing the MMYT fundamentals
Trailing Twelve Months sales for MakeMyTrip Ltd [NASDAQ:MMYT] were 935.76M which represents 24.81% growth. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.21 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 104.01 points at the first support level, and at 101.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 108.91, and for the 2nd resistance point, it is at 110.86.
Ratios To Look Out For
To put it in perspective, the Current Ratio for MakeMyTrip Ltd [NASDAQ:MMYT] is 2.88. On the other hand, the Quick Ratio is 2.88, and the Cash Ratio is 1.07. Considering the valuation of this stock, the price to sales ratio is 12.55, the price to book ratio is 10.37 and price to earnings (TTM) ratio is 58.29.
Transactions by insiders
Recent insider trading involved MOHIT KABRA, Officer, that happened on Dec 10 ’24 when 640.0 shares were purchased. Officer, RAJESH MAGOW completed a deal on Dec 06 ’24 to buy 20000.0 shares. Meanwhile, Officer RAJESH MAGOW bought 20000.0 shares on Nov 29 ’24.
