NASDAQ:MMYT

MakeMyTrip - MMYT Stock Forecast, Price & News

$28.59

-0.78 (-2.66%)

(As of 12/9/2022 12:00 AM ET)

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Today's Range: $28.24
▼
$29.52
50-Day Range: $27.23
▼
$32.77
52-Week Range: $20.06
▼
$34.68

Volume: 405,863 shs
Average Volume: 325,622 shs
Market Capitalization: $3.01 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $39.60

MakeMyTrip MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 43.4% Upside
$41.00 Price Target
Short Interest: Bearish
3.64% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.01
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.17) to $0.24 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.87 out of 5 stars

Computer And Technology Sector

444th out of 621 stocks

Transportation Services Industry

13th out of 15 stocks

3.5

Analyst's Opinion

Consensus Rating
MakeMyTrip has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $41.00, MakeMyTrip has a forecasted upside of 43.4% from its current price of $28.59.
Amount of Analyst Coverage
MakeMyTrip has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.64% of the float of MakeMyTrip has been sold short.
Short Interest Ratio / Days to Cover
MakeMyTrip has a short interest ratio ("days to cover") of 6.9.
Change versus previous month
Short interest in MakeMyTrip has recently increased by 5.80%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
MakeMyTrip does not currently pay a dividend.
Dividend Growth
MakeMyTrip does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MMYT.

2.2

News and Social Media Coverage

News Sentiment
MakeMyTrip has a news sentiment score of -0.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.45 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for MakeMyTrip this week, compared to 2 articles on an average week.
Search Interest
4 people have searched for MMYT on MarketBeat in the last 30 days.
MarketBeat Follows
3 people have added MakeMyTrip to their MarketBeat watchlist in the last 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MakeMyTrip insiders have not sold or bought any company stock.
Percentage Held by Insiders
10.30% of the stock of MakeMyTrip is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 39.99% of the stock of MakeMyTrip is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for MakeMyTrip are expected to grow in the coming year, from ($0.17) to $0.24 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MakeMyTrip is -105.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of MakeMyTrip is -105.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
MakeMyTrip has a P/B Ratio of 3.36. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About MakeMyTrip (NASDAQ:MMYT) Stock

MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing. Its services and products include air tickets; hotels; packages; rail tickets; bus tickets; and car hire, as well as ancillary travel requirements, such as visa processing and facilitating access to travel insurance. The company allows travelers to research, plan, book, and purchase travel services and products through its websites, such as makemytrip.com, goibibo.com, redbus.in, makemytrip.com.sg, and makemytrip.ae; and other technology-enhanced distribution channels, such as call centers, travel stores, and travel agents' network, as well as mobile service platform. As of March 31, 2022, it had approximately 125 franchisee-owned travel stores. The company serves leisure and corporate travelers. MakeMyTrip Limited was incorporated in 2000 and is based in Gurugram, India.

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MMYT Stock News Headlines

November 20, 2022 | finance.yahoo.com

Investors Will Want MakeMyTrip's (NASDAQ:MMYT) Growth In ROCE To Persist

November 4, 2022 | finance.yahoo.com

Why MakeMyTrip Limited (NASDAQ:MMYT) Could Be Worth Watching

November 1, 2022 | finance.yahoo.com

MakeMyTrip (MMYT) Q2 Earnings Miss Estimates

October 25, 2022 | msn.com

Struggling to find a cheap hotel room? CCI order against MakeMyTrip, OYO will change things

October 25, 2022 | skift.com

India Competition Watchdog Hits MakeMyTrip and Oyo With $47 Million in Sanctions

October 25, 2022 | finance.yahoo.com

MakeMyTrip (MMYT) Reports Next Week: Wall Street Expects Earnings Growth

October 19, 2022 | finance.yahoo.com

UPDATE 2-India regulator fines MakeMyTrip, Oyo for anti-competitive conduct - Yahoo Finance

October 19, 2022 | reuters.com

India regulator fines MakeMyTrip, Oyo for anti-competitive conduct - Reuters India

October 16, 2022 | nasdaq.com

MMYT Crosses Below Key Moving Average Level - Nasdaq

October 14, 2022 | finance.yahoo.com

Even though MakeMyTrip (NASDAQ:MMYT) has lost US$270m market cap in last 7 days, shareholders are still up 36% over 3 years

October 13, 2022 | nasdaq.com

When Will MakeMyTrip Limited (NASDAQ:MMYT) Turn A Profit? - Nasdaq

October 11, 2022 | finance.yahoo.com

10 Best Indian Stocks to Buy in USA - Yahoo Finance

September 29, 2022 | nasdaq.com

Zacks Industry Outlook Highlights GoDaddy, Vipshop Holdings, MakeMyTrip and Asure Software - Nasdaq

September 28, 2022 | nasdaq.com

4 Stocks to Watch From the Thriving Internet Delivery Industry - Nasdaq

September 27, 2022 | globenewswire.com

Online Travel Market Size to Rise at 14.9% CAGR by 2028, Value to Cross US$ 1835.7 Billion - Says Facts & Factors - GlobeNewswire

September 26, 2022 | globenewswire.com

India B2C e-Commerce Markets Databook 2022: 100+ KPIs on Verticals, Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics 2017-2026 - GlobeNewswire

September 19, 2022 | finance.yahoo.com

MakeMyTrip Limited (NASDAQ:MMYT): When Will It Breakeven?

September 15, 2022 | uk.investing.com

Twilio, AMTD Digital And Other Big Gainers From Wednesday By Benzinga - Investing.com UK

September 9, 2022 | nasdaq.com

MakeMyTrip (NASDAQ:MMYT) shareholders have earned a 11% CAGR over the last three years

September 6, 2022 | skift.com

Yatra CEO Says an India IPO Will Help Finance Future Acquisitions - Skift Travel News

September 1, 2022 | msn.com

Dentsu Webchutney bags digital mandate for MakeMyTrip

August 31, 2022 | investing.com

MakeMyTrip Limited Risk-Reward Favorable - BofA

August 30, 2022 | benzinga.com

(AOUT), (AQST) – Benzinga's Top Ratings Upgrades, Downgrades For August 30, 2022 - Benzinga

August 30, 2022 | barrons.com

Stock Market Today: Dow Slides, Bed Bath & Beyond Tumbles - Barron's

August 30, 2022 | seekingalpha.com

MakeMyTrip attracts bullish rating at BofA on higher margins estimate (NASDAQ:MMYT) - Seeking Alpha

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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MMYT Company Calendar

Last Earnings: 10/26/2021
Today: 12/09/2022
Next Earnings (Estimated): 1/24/2023
Fiscal Year End: 3/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Transportation services
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:MMYT
CUSIP: N/A
CIK: 1495153
Web: www.makemytrip.com
Phone: 911244395000
Fax: N/A
Employees: 3,338
Year Founded: 2000

Price Target and Rating

Average Stock Price Forecast: $41.00
High Stock Price Forecast: $44.00
Low Stock Price Forecast: $36.00
Forecasted Upside/Downside: +38.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.83
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.27)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-45,400,000.00
Net Margins: -6.32%
Pretax Margin: -6.36%
Return on Equity: -3.42%
Return on Assets: -2.28%

Debt

Debt-to-Equity Ratio: 0.26
Current Ratio: 2.72
Quick Ratio: 2.72

Sales & Book Value

Annual Sales: $303.92 million
Price / Sales: 9.90
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $8.52 per share
Price / Book: 3.36

Miscellaneous

Outstanding Shares: 105,274,000
Free Float: 94,431,000
Market Cap: $3.01 billion
Optionable: Optionable
Beta: 1.17

Social Links

Key Executives

Mr. Rajesh Magow (Age 53)
Co-Founder, Group CEO & Director

Mr. Deep Kalra (Age 53)
Founder & Chairman

Mr. Mohit Kabra (Age 51)
Group Chief Financial Officer

Mr. Vipul Prakash (Age 54)
Chief Operating Officer

Mr. Ravi Prakash Tyagi
VP of Admin.

Mr. Vipul Garg
VP of Investor Relations

Mr. Sunil Suresh
Chief Marketing Officer

Mr. Saujanya Shrivastava (Age 48)
Chief Bus. Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MMYT Stock - Frequently Asked Questions

Should I buy or sell MakeMyTrip stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MakeMyTrip in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MMYT shares.
View MMYT analyst ratings or view top-rated stocks.
What is MakeMyTrip's stock price forecast for 2023?: 6 equities research analysts have issued 1 year price objectives for MakeMyTrip's shares. Their MMYT share price forecasts range from $36.00 to $44.00. On average, they expect the company's stock price to reach $41.00 in the next year. This suggests a possible upside of 39.6% from the stock's current price.
View analysts price targets for MMYT or view top-rated stocks among Wall Street analysts.
How have MMYT shares performed in 2022?: MakeMyTrip's stock was trading at $27.71 at the start of the year. Since then, MMYT shares have increased by 6.0% and is now trading at $29.37.
View the best growth stocks for 2022 here.
When is MakeMyTrip's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 24th 2023.
View our MMYT earnings forecast.
How were MakeMyTrip's earnings last quarter?: MakeMyTrip Limited (NASDAQ:MMYT) released its quarterly earnings data on Tuesday, October, 26th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.07. The technology company earned $67.48 million during the quarter. MakeMyTrip had a negative trailing twelve-month return on equity of 3.42% and a negative net margin of 6.32%. During the same period last year, the firm posted ($0.20) EPS.
What is Deep Kalra and Rajesh Magow's approval rating as MakeMyTrip's CEO?: 144 employees have rated MakeMyTrip Chief Executive Officer Deep Kalra and Rajesh Magow on Glassdoor.com. Deep Kalra and Rajesh Magow has an approval rating of 96% among the company's employees. This puts Deep Kalra and Rajesh Magow in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of MakeMyTrip own?: Based on aggregate information from My MarketBeat watchlists, some companies that other MakeMyTrip investors own include NVIDIA (NVDA), Okta (OKTA), Alibaba Group (BABA), Baidu (BIDU), Baozun (BZUN), JD.com (JD), Shopify (SHOP), Trade Desk (TTD), MongoDB (MDB) and Netflix (NFLX).
What is MakeMyTrip's stock symbol?: MakeMyTrip trades on the NASDAQ under the ticker symbol "MMYT."
Who are MakeMyTrip's major shareholders?: MakeMyTrip's stock is owned by many different institutional and retail investors. Top institutional shareholders include Brown Advisory Inc. (3.13%), Massachusetts Financial Services Co. MA (2.62%), Baillie Gifford & Co. (2.48%), Marshall Wace LLP (1.34%), Jennison Associates LLC (1.22%) and Alliancebernstein L.P. (0.97%).
How do I buy shares of MakeMyTrip?: Shares of MMYT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is MakeMyTrip's stock price today?: One share of MMYT stock can currently be purchased for approximately $29.37.
How much money does MakeMyTrip make?: MakeMyTrip (NASDAQ:MMYT) has a market capitalization of $3.09 billion and generates $303.92 million in revenue each year. The technology company earns $-45,400,000.00 in net income (profit) each year or ($0.27) on an earnings per share basis.
How many employees does MakeMyTrip have?: The company employs 3,338 workers across the globe.
Does MakeMyTrip have any subsidiaries?: The following companies are subsidiares of MakeMyTrip: Ibibo Group Holdings (Singapore) Pte. Ltd., Ibibo Group Private Limited, and MakeMyTrip (India) Private Limited.
Read More
How can I contact MakeMyTrip?: MakeMyTrip's mailing address is 19TH FLOOR BUILDING NO.5 DLF CYBER CITY, GURGAON K7, 122002. The official website for the company is www.makemytrip.com. The technology company can be reached via phone at 911244395000 or via email at jonathan.huang@go-mmt.com.

This page (NASDAQ:MMYT) was last updated on 12/9/2022 by MarketBeat.com Staff

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