NASDAQ:MMYTMakeMyTrip Stock Price, Forecast & News

MakeMyTrip's stock was trading at $17.16 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MMYT shares have decreased by 14.2% and is now trading at $14.73.
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2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MakeMyTrip in the last year. There are currently 1 sell rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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MakeMyTrip Limited (NASDAQ:MMYT) posted its earnings results on Tuesday, February, 11th. The technology company reported ($0.29) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.01. The technology company had revenue of $206.70 million for the quarter, compared to analysts' expectations of $199.52 million. MakeMyTrip had a negative return on equity of 38.25% and a negative net margin of 87.55%. MakeMyTrip's quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.14) earnings per share.
View MakeMyTrip's earnings history.

2 equities research analysts have issued twelve-month price targets for MakeMyTrip's shares. Their forecasts range from $27.00 to $32.00. On average, they anticipate MakeMyTrip's stock price to reach $29.50 in the next year. This suggests a possible upside of 100.3% from the stock's current price.
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News articles about MMYT stock have trended somewhat negative on Wednesday, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. MakeMyTrip earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave media stories about the technology company a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the stock's share price in the immediate future.
View the latest news about MakeMyTrip.

MakeMyTrip saw a drop in short interest in June. As of June 30th, there was short interest totaling 2,550,000 shares, a drop of 20.8% from the June 15th total of 3,220,000 shares. Based on an average daily trading volume, of 498,600 shares, the days-to-cover ratio is currently 5.1 days. Approximately 4.5% of the company's shares are short sold.
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Some companies that are related to MakeMyTrip include GATX (GATX), National Express Group (NXPGF), The Providence Service (PRSC), Despegar.com (DESP), Diamond S Shipping (DSSI), Lindblad Expeditions (LIND), Daseke (DSKE), Tuniu (TOUR), Yatra Online (YTRA), Leafbuyer Technologies (LBUY) and Tempus Applied Solutions (TMPS).
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Based on aggregate information from My MarketBeat watchlists, some companies that other MakeMyTrip investors own include Alibaba Group (BABA), Baozun (BZUN), NVIDIA (NVDA), Shopify (SHOP), Baidu (BIDU), JD.Com (JD), Okta (OKTA), Canopy Growth (CGC), Crispr Therapeutics (CRSP) and Trade Desk (TTD).

MakeMyTrip trades on the NASDAQ under the ticker symbol "MMYT."

MakeMyTrip's stock is owned by many different retail and institutional investors. Top institutional investors include First Trust Advisors LP (0.25%), CWM LLC (0.03%) and SG Americas Securities LLC (0.01%).

MMYT stock was sold by a variety of institutional investors in the last quarter, including CWM LLC.

MMYT stock was purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, and SG Americas Securities LLC.

Shares of MMYT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MMYT stock can currently be purchased for approximately $14.73.

MakeMyTrip has a market capitalization of $1.52 billion and generates $511.53 million in revenue each year. The technology company earns $-447,780,000.00 in net income (profit) each year or ($4.26) on an earnings per share basis. MakeMyTrip employs 3,450 workers across the globe.

The official website for MakeMyTrip is www.makemytrip.com.

MakeMyTrip's mailing address is 19TH FLOOR BUILDING NO.5 DLF CYBER CITY, GURGAON K7, 122002. The technology company can be reached via phone at 91-12-4439-5000 or via email at [email protected]