MakeMyTrip Ltd [MMYT] stock is trading at $118.23, up 8.20%. 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 13.62% over the last week, with a monthly amount glided 5.30%, and 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 [MMYT] stock has fluctuated between $54.36 and $123.00 over the past year. Currently, Wall Street analysts expect the stock to reach $115.5 within the next 12 months. MakeMyTrip Ltd [NASDAQ: MMYT] shares were valued at $118.23 at the most recent close of the market. An investor can expect a potential drop of -2.31% based on the average MMYT price forecast.
Analyzing the MMYT fundamentals
MakeMyTrip Ltd [NASDAQ:MMYT] reported sales of 935.76M for the trailing twelve months, which represents a growth of 24.81%. 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. 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 111.04 points at the first support level, and at 103.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 122.36, and for the 2nd resistance point, it is at 126.50.
Ratios To Look Out For
For context, MakeMyTrip Ltd’s Current Ratio is 2.88. Further, the Quick Ratio stands at 2.88, while the Cash Ratio is 1.07. Considering the valuation of this stock, the price to sales ratio is 13.87, the price to book ratio is 11.46 and price to earnings (TTM) ratio is 64.43.
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.
