In today’s recent session, 2.39 million shares of the MakeMyTrip Ltd (NASDAQ:MMYT) have been traded, and its beta is 0.88. Most recently the company’s share price was $91.65, and it changed around -$9.23 or -9.15% from the last close, which brings the market valuation of the company to $10.06B. MMYT at last check was trading at a discount to its 52-week high of $123.00, offering almost -34.21% off that amount. The share price’s 52-week low was $76.80, which indicates that the recent value has risen by an impressive 16.2% since then.
MakeMyTrip Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.20. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 1 recommended MMYT as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. MakeMyTrip Ltd is expected to report earnings per share of 0.46 for the current quarter.
MakeMyTrip Ltd (NASDAQ:MMYT) trade information
Instantly MMYT has been showing red trend so far today with a performance of -9.15% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 102.00 on recent trading dayincreased the stock’s daily price by 10.15%. The company’s shares are currently down -18.37% year-to-date, but still down -7.21% over the last five days. On the other hand, MakeMyTrip Ltd (NASDAQ:MMYT) is -13.08% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $112, which translates to bulls needing to increase their stock price by 18.17% from its current value. Analyst projections state that MMYT is forecast to be at a low of $42 and a high of $119.
MakeMyTrip Ltd (MMYT) estimates and forecasts
The year-over-year growth rate is expected to be 19.25%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 296.39M in revenue for the current quarter. 2 analysts expect MakeMyTrip Ltd to make 267.17M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 243.66M and 230.27M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 21.64%. Forecasts for the next quarter put sales growth at 16.03%.
MakeMyTrip Ltd earnings are expected to increase by 63.02% in 2025, but the outlook is positive 44.65% per year for the next five years.
MMYT Dividends
MakeMyTrip Ltd’s next quarterly earnings report is expected to be released in July.
BAILLIE GIFFORD & CO, with 3.6353% or 4.07 million shares worth $342.49 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
