MakeMyTrip Ltd [MMYT] stock is trading at $94.02, up 1.78%. An important factor to consider is whether the stock is rising or falling in short-term value. The MMYT shares have gain 7.93% over the last week, with a monthly amount drifted -10.46%, 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 [MMYT] stock has fluctuated between $60.55 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 $94.02 at the most recent close of the market. An investor can expect a potential return of 22.85% 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 92.70 points at the first support level, and at 91.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 95.67, and for the 2nd resistance point, it is at 97.32.
Ratios To Look Out For
For context, MakeMyTrip Ltd’s Current Ratio 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 11.03, the price to book ratio is 9.12 and price to earnings (TTM) ratio is 51.24.
Transactions by insiders
Recent insider trading involved RAJESH MAGOW, Officer, that happened on Feb 04 ’25 when 20000.0 shares were purchased. Officer, MOHIT KABRA completed a deal on Dec 10 ’24 to buy 640.0 shares. Meanwhile, Officer RAJESH MAGOW bought 20000.0 shares on Dec 06 ’24.
