MakeMyTrip Ltd [NASDAQ: MMYT] slipped around -9.39 points on Tuesday, while shares priced at $91.49 at the close of the session, down -9.31%.
Compared to the average trading volume of 706.84K shares, MMYT reached a trading volume of 7826773 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about MakeMyTrip Ltd [MMYT]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MMYT shares is $122.11 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MMYT stock is a recommendation set at 1.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for MakeMyTrip Ltd shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 27, 2024. While these analysts kept the previous recommendation, Macquarie raised their target price from $50 to $60. The new note on the price target was released on February 21, 2024, representing the official price target for MakeMyTrip Ltd stock. Previously, the target price had yet another raise to $36, while Morgan Stanley analysts kept a Overweight rating on MMYT stock.
The Average True Range (ATR) for MakeMyTrip Ltd is set at 4.32, with the Price to Sales ratio for MMYT stock in the period of the last 12 months amounting to 10.27. The Price to Book ratio for the last quarter was 8.67, with the Price to Cash per share for the same quarter was set at 6.93.
How has MMYT stock performed recently?
MakeMyTrip Ltd [MMYT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.37. With this latest performance, MMYT shares dropped by -13.23% in over the last four-week period, additionally sinking by -22.14% over the last 6 months – not to mention a rise of 18.45% in the past year of trading.
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MakeMyTrip Ltd [MMYT]: Deeper insight into the fundamentals
MakeMyTrip Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.85.
Earnings analysis for MakeMyTrip Ltd [MMYT]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MMYT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for MakeMyTrip Ltd go to 44.65%.
Insider trade positions for MakeMyTrip Ltd [MMYT]
The top three institutional holders of MMYT stocks are: FIL LTD with ownership of 4.61 million shares, which is approximately 4.1154%. BAILLIE GIFFORD & CO, holding 4.07 million shares of the stock with an approximate value of $$342.49 million in MMYT stocks shares; and BAILLIE GIFFORD & CO, currently with $$302.48 million in MMYT stock with ownership which is approximately 3.2106%.
