A new trading day began on Friday, with MakeMyTrip Ltd (NASDAQ: MMYT) stock price down -5.34% from the previous day of trading, before settling in for the closing price of $103.03. MMYT’s price has ranged from $41.56 to $113.61 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 30.05%. Meanwhile, its annual earnings per share averaged -43.08%. With a float of $63.39 million, this company’s outstanding shares have now reached $70.11 million.
Considering the fact that the conglomerate employs 4576 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 55.67%, operating margin of 10.53%, and the pretax margin is 14.42%.
MakeMyTrip Ltd (MMYT) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Travel Services Industry. The insider ownership of MakeMyTrip Ltd is 42.26%, while institutional ownership is 51.56%. The most recent insider transaction that took place on Nov 06 ’24, was worth 9,209,996. Before that another transaction happened on Nov 06 ’24, when Company’s Officer proposed sale 4,400 for $113.00, making the entire transaction worth $497,200.
MakeMyTrip Ltd (MMYT) Recent Fiscal highlights
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.35 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.44 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -43.08% per share during the next fiscal year.
MakeMyTrip Ltd (NASDAQ: MMYT) Trading Performance Indicators
Here are MakeMyTrip Ltd’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.81. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.48.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.82, a number that is poised to hit 0.26 in the next quarter and is forecasted to reach 1.64 in one year’s time.
Technical Analysis of MakeMyTrip Ltd (MMYT)
Compared to the last year’s volume of 0.73 million, its volume of 0.56 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 22.83%. Additionally, its Average True Range was 4.80.
During the past 100 days, MakeMyTrip Ltd’s (MMYT) raw stochastic average was set at 56.14%, which indicates a significant increase from 5.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 67.69% in the past 14 days, which was higher than the 57.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $101.51, while its 200-day Moving Average is $82.94. Nevertheless, the first resistance level for the watch stands at $100.66 in the near term. At $103.79, the stock is likely to face the second major resistance level. The third major resistance level sits at $105.85. If the price goes on to break the first support level at $95.47, it is likely to go to the next support level at $93.41. Now, if the price goes above the second support level, the third support stands at $90.28.
MakeMyTrip Ltd (NASDAQ: MMYT) Key Stats
With a market capitalization of 10.14 billion, the company has a total of 109,782K Shares Outstanding. Currently, annual sales are 782,520 K while annual income is 216,800 K. The company’s previous quarter sales were 210,990 K while its latest quarter income was 17,850 K.
