Currently, there are 71.36M common shares owned by the public and among those 65.05M shares have been available to trade.
The company’s stock has a 5-day price change of -7.37% and -4.46% over the past three months. MMYT shares are trading -18.52% year to date (YTD), with the 12-month market performance up to 18.45% higher. It has a 12-month low price of $76.80 and touched a high of $123.00 over the same period. MMYT has an average intraday trading volume of 706.84K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -9.00%, -10.40%, and -11.74% respectively.
Institutional ownership of MakeMyTrip Ltd (NASDAQ: MMYT) shares accounts for 72.60% of the company’s 71.36M shares outstanding.
It has a market capitalization of $10.04B and a beta (3y monthly) value of 0.88. The stock’s trailing 12-month PE ratio is 110.42, while the earnings-per-share (ttm) stands at $0.83. The company has a PEG of 2.47 and a Quick Ratio of 1.60 with the debt-to-equity ratio at 0.23. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.51% over the week and 2.63% over the month.
Earnings per share for the fiscal year are expected to increase by 63.02%, and 42.06% over the next financial year.
Looking at the support for the MMYT, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on December 27, 2024, with the firm’s price target at $119-$130. Macquarie coverage for the MakeMyTrip Ltd (MMYT) stock in a research note released on February 21, 2024 offered a Neutral rating with a price target of $60. Morgan Stanley was of a view on December 08, 2022 that the stock is Overweight, while JP Morgan gave the stock Overweight rating on September 14, 2022, issuing a price target of $44. BofA Securities on their part issued Buy rating on August 30, 2022.
