NASDAQ:MMYT MakeMyTrip - MMYT Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding MakeMyTrip Limited Please log in to your account or sign up in order to add this asset to your watchlist. $25.07 +0.18 (+0.72%) (As of 03/21/2023 12:00 AM ET) Add Compare Share Share Today's Range$24.87▼$25.5050-Day Range$24.68▼$30.8252-Week Range$21.36▼$34.68Volume161,968 shsAverage Volume356,129 shsMarket Capitalization$2.64 billionP/E RatioN/ADividend YieldN/APrice Target$41.00 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media MakeMyTrip MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside63.5% Upside$41.00 Price TargetShort InterestHealthy3.30% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.08Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth3,100.00%From $0.01 to $0.32 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.29 out of 5 starsComputer And Technology Sector267th out of 601 stocksTransportation Services Industry6th out of 17 stocks 3.5 Analyst's Opinion Consensus RatingMakeMyTrip 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/DownsideAccording to analysts' consensus price target of $41.00, MakeMyTrip has a forecasted upside of 63.5% from its current price of $25.07.Amount of Analyst CoverageMakeMyTrip has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.30% of the float of MakeMyTrip has been sold short.Short Interest Ratio / Days to CoverMakeMyTrip has a short interest ratio ("days to cover") of 5.9.Change versus previous monthShort interest in MakeMyTrip has recently decreased by 4.90%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldMakeMyTrip does not currently pay a dividend.Dividend GrowthMakeMyTrip does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MMYT. Previous Next 1.7 News and Social Media Coverage News SentimentMakeMyTrip has a news sentiment score of 0.08. 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 0.38 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 4 news articles for MakeMyTrip this week, compared to 2 articles on an average week.MarketBeat FollowsOnly 3 people have added MakeMyTrip to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MakeMyTrip insiders have not sold or bought any company stock.Percentage Held by Insiders10.30% 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 Institutions40.16% of the stock of MakeMyTrip is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for MakeMyTrip are expected to grow by 3,100.00% in the coming year, from $0.01 to $0.32 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MakeMyTrip is -131.95, 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. SectorThe P/E ratio of MakeMyTrip is -131.95, 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 RatioMakeMyTrip has a P/B Ratio of 2.94. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About MakeMyTrip (NASDAQ:MMYT) StockMakeMyTrip Ltd. is an online travel company. Its services and products include air ticketing, hotels and packages, rail tickets, bus tickets, car hire, experiences and ancillary travel requirements such as facilitating access to third-party travel insurance and visa processing. The company's brands include MakeMyTrip, goibibo, and redbus. It operates through the following three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing. The Air Ticketing segment provides the facility to book domestic and international air tickets. The Hotels and Packages segment provides holiday packages and hotel reservations. The Bus Ticketing segment provides the facility to book domestic and international bus tickets. MakeMyTrip was founded by Deep Kalra and Rajesh Magow on April 28, 2000 and is headquartered in Gurgaon, India.Read More Receive MMYT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MakeMyTrip and its competitors with MarketBeat's FREE daily newsletter. Email Address MMYT Stock News HeadlinesMarch 21, 2023 | americanbankingnews.comAnalysts Set MakeMyTrip Limited (NASDAQ:MMYT) Target Price at $41.00March 15, 2023 | americanbankingnews.comRXO (NYSE:RXO) vs. MakeMyTrip (NASDAQ:MMYT) Financial SurveyMarch 21, 2023 | Weiss Ratings (Ad)Urgent WarningThis was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …February 26, 2023 | finance.yahoo.comWhen Can We Expect A Profit From MakeMyTrip Limited (NASDAQ:MMYT)?February 7, 2023 | finance.yahoo.comBears are Losing Control Over MakeMyTrip (MMYT), Here's Why It's a 'Buy' NowFebruary 6, 2023 | finance.yahoo.comWall Street Analysts Think MakeMyTrip (MMYT) Could Surge 46.71%: Read This Before Placing a BetFebruary 2, 2023 | finance.yahoo.comMakeMyTrip Limited (NASDAQ:MMYT) Q3 2023 Earnings Call TranscriptJanuary 31, 2023 | finance.yahoo.comMakeMyTrip (MMYT) Q3 Earnings and Revenues Beat EstimatesMarch 21, 2023 | Investing Daily (Ad)How This Trader Banked A 97% Win RateDespite the volatility of the last few years, this reclusive millionaire hasn’t closed a losing trade since July 2016. He just plugs away, executing what may be the most effective investment strategy on Earth. He turned $50K into $5.3M! Want to see the details? Click HERE to watch it for yourself. January 24, 2023 | finance.yahoo.comMakeMyTrip (MMYT) Earnings Expected to Grow: Should You Buy?January 20, 2023 | finance.yahoo.comMakeMyTrip Limited to Report Fiscal 2023 Third Quarter Financial & Operating Results on January 31, 2023December 20, 2022 | finance.yahoo.comWall Street Analysts Predict a 39% Upside in MakeMyTrip (MMYT): Here's What You Should KnowDecember 11, 2022 | finance.yahoo.comA Look At The Intrinsic Value Of MakeMyTrip Limited (NASDAQ:MMYT)November 20, 2022 | finance.yahoo.comInvestors Will Want MakeMyTrip's (NASDAQ:MMYT) Growth In ROCE To PersistNovember 4, 2022 | finance.yahoo.comWhy MakeMyTrip Limited (NASDAQ:MMYT) Could Be Worth WatchingNovember 1, 2022 | finance.yahoo.comMakeMyTrip (MMYT) Q2 Earnings Miss EstimatesOctober 25, 2022 | msn.comStruggling to find a cheap hotel room? CCI order against MakeMyTrip, OYO will change thingsOctober 25, 2022 | skift.comIndia Competition Watchdog Hits MakeMyTrip and Oyo With $47 Million in SanctionsOctober 25, 2022 | finance.yahoo.comMakeMyTrip (MMYT) Reports Next Week: Wall Street Expects Earnings GrowthOctober 19, 2022 | finance.yahoo.comUPDATE 2-India regulator fines MakeMyTrip, Oyo for anti-competitive conduct - Yahoo FinanceOctober 19, 2022 | reuters.comIndia regulator fines MakeMyTrip, Oyo for anti-competitive conduct - Reuters IndiaOctober 16, 2022 | nasdaq.comMMYT Crosses Below Key Moving Average Level - NasdaqOctober 14, 2022 | finance.yahoo.comEven though MakeMyTrip (NASDAQ:MMYT) has lost US$270m market cap in last 7 days, shareholders are still up 36% over 3 yearsOctober 13, 2022 | nasdaq.comWhen Will MakeMyTrip Limited (NASDAQ:MMYT) Turn A Profit? - NasdaqOctober 11, 2022 | finance.yahoo.com10 Best Indian Stocks to Buy in USA - Yahoo FinanceSeptember 29, 2022 | nasdaq.comZacks Industry Outlook Highlights GoDaddy, Vipshop Holdings, MakeMyTrip and Asure Software - NasdaqSeptember 28, 2022 | nasdaq.com4 Stocks to Watch From the Thriving Internet Delivery Industry - NasdaqSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MMYT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MakeMyTrip and its competitors with MarketBeat's FREE daily newsletter. Email Address MMYT Company Calendar Last Earnings10/26/2021Today3/21/2023Fiscal Year End3/31/2023Next Earnings (Estimated)5/24/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Transportation services Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:MMYT CUSIPN/A CIK1495153 Webwww.makemytrip.com Phone911244395000FaxN/AEmployees3,338Year Founded2000Price Target and Rating Average Stock Price Forecast$41.00 High Stock Price Forecast$44.00 Low Stock Price Forecast$36.00 Forecasted Upside/Downside+62.2%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)($0.19) Trailing P/E RatioN/A Forward P/E Ratio2,527.00 P/E GrowthN/ANet Income$-45,400,000.00 Net Margins-3.95% Pretax Margin-3.94% Return on Equity-2.41% Return on Assets-1.59% Debt Debt-to-Equity Ratio0.26 Current Ratio2.78 Quick Ratio2.78 Sales & Book Value Annual Sales$303.92 million Price / Sales8.75 Cash FlowN/A Price / Cash FlowN/A Book Value$8.52 per share Price / Book2.97Miscellaneous Outstanding Shares105,270,000Free Float94,431,000Market Cap$2.66 billion OptionableOptionable Beta1.21 Social Links Key ExecutivesRajesh MagowGroup Chief Executive Officer & DirectorMohit KabraGroup Chief Financial OfficerSunil SureshChief Marketing OfficerVipul GargVice President-Investor RelationsKey CompetitorsPlexusNASDAQ:PLXSDuck Creek TechnologiesNASDAQ:DCTMaxLinearNYSE:MXLSmead Value FundNASDAQ:SVFCXBumbleNASDAQ:BMBLView All CompetitorsInstitutional OwnershipAlliancebernstein L.P.Bought 25,290 shares on 2/16/2023Ownership: 0.992%Kaizen Capital Partners LtdBought 576,631 shares on 2/16/2023Ownership: 0.548%Fred Alger Management LLCBought 29,220 shares on 2/15/2023Ownership: 0.143%Squarepoint Ops LLCBought 3,453 shares on 2/15/2023Ownership: 0.033%Legal & General Group PlcSold 22,194 shares on 2/15/2023Ownership: 0.001%View All Institutional Transactions MMYT Stock - Frequently Asked Questions Should I buy or sell MakeMyTrip stock right now? 6 Wall Street 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 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 brokerages have issued 1 year price targets for MakeMyTrip's shares. Their MMYT share price forecasts range from $36.00 to $44.00. On average, they expect the company's share price to reach $41.00 in the next twelve months. This suggests a possible upside of 62.7% 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 2023? MakeMyTrip's stock was trading at $27.57 on January 1st, 2023. Since then, MMYT shares have decreased by 8.6% and is now trading at $25.20. View the best growth stocks for 2023 here. When is MakeMyTrip's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 24th 2023. View our MMYT earnings forecast. How were MakeMyTrip's earnings last quarter? MakeMyTrip Limited (NASDAQ:MMYT) released its quarterly earnings results on Tuesday, October, 26th. The technology company reported ($0.07) 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 2.41% and a negative net margin of 3.95%. During the same period in the prior year, the business earned ($0.20) earnings per share. What ETFs hold MakeMyTrip's stock? ETFs with the largest weight of MakeMyTrip (NASDAQ:MMYT) stock in their portfolio include India Internet & Ecommerce ETF (INQQ), ETFMG Travel Tech ETF (AWAY), VanEck Digital India ETF (DGIN), First Trust BICK Index Fund (BICK), Amplify Online Retail ETF (IBUY), KraneShares Emerging Markets Consumer Technology ETF (KEMQ), FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) and VanEck Africa Index ETF (AFK). 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 a number of institutional and retail investors. Top institutional investors include Brown Advisory Inc. (2.91%), Amansa Capital PTE. LTD. (2.72%), Baillie Gifford & Co. (2.39%), Franklin Resources Inc. (2.14%), Marshall Wace LLP (1.29%) and Jennison Associates LLC (1.14%). 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 $25.20. How much money does MakeMyTrip make? MakeMyTrip (NASDAQ:MMYT) has a market capitalization of $2.65 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 ($0.19) 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 3/21/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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