While MakeMyTrip Ltd has overperformed by 1.57%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MMYT rose by 105.82%, with highs and lows ranging from $123.00 to $54.94, whereas the simple moving average jumped by 25.11% in the last 200 days.
On December 27, 2024, BofA Securities Reiterated MakeMyTrip Ltd (NASDAQ: MMYT) to Buy. A report published by Macquarie on February 21, 2024, Downgraded its rating to ‘Neutral’ for MMYT. Morgan Stanley also Upgraded MMYT shares as ‘Overweight’, setting a target price of $36 on the company’s shares in a report dated December 08, 2022. JP Morgan Initiated an Overweight rating on September 14, 2022, and assigned a price target of $44. BofA Securities August 30, 2022d its ‘Neutral’ rating to ‘Buy’ for MMYT, as published in its report on August 30, 2022. Macquarie’s report from August 30, 2022 suggests a price prediction of $42 for MMYT shares, giving the stock a ‘Outperform’ rating. Morgan Stanley also rated the stock as ‘Equal-Weight’.
Analysis of MakeMyTrip Ltd (MMYT)
Further, the quarter-over-quarter increase in sales is 24.81%, showing a positive trend in the upcoming months.
One of the most important indicators of MakeMyTrip Ltd’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 23.09% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.88, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and MMYT is recording 608.45K average volume. On a monthly basis, the volatility of the stock is set at 5.11%, whereas on a weekly basis, it is put at 5.12%, with a gain of 10.23% over the past seven days. Furthermore, long-term investors anticipate a median target price of $119.89, showing growth from the present price of $119.85, which can serve as yet another indication of whether MMYT is worth investing in or should be passed over.
How Do You Analyze MakeMyTrip Ltd Shares?
The Travel Services market is dominated by MakeMyTrip Ltd (MMYT) based in the India. When comparing MakeMyTrip Ltd shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 65.31, there is a growth in quarterly earnings of 8.69%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 42.28%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 51.37% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MMYT shares are owned by institutional investors to the tune of 51.37% at present.
