MakeMyTrip (NASDAQ:MMYT) Reaches New 12-Month Low – Time to Sell?

MakeMyTrip Limited (NASDAQ:MMYT)’s share price reached a new 52-week low on Tuesday . The company traded as low as $47.58 and last traded at $49.38, with a volume of 127340 shares. The stock had previously closed at $50.31.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MMYT shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MakeMyTrip in a research report on Tuesday, January 27th. Citigroup cut their price objective on shares of MakeMyTrip from $108.00 to $96.00 and set a “buy” rating on the stock in a research report on Wednesday, January 21st. Morgan Stanley reaffirmed an “overweight” rating on shares of MakeMyTrip in a report on Wednesday, December 31st. Finally, Bank of America dropped their price target on MakeMyTrip from $115.00 to $113.00 and set a “buy” rating on the stock in a research note on Wednesday, December 24th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $106.33.

MakeMyTrip Price Performance

The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 38.85. The firm has a market capitalization of $5.46 billion, a P/E ratio of 102.85, a price-to-earnings-growth ratio of 1.79 and a beta of 0.64. The firm has a 50 day moving average price of $64.73 and a 200-day moving average price of $79.16.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings data on Wednesday, January 21st. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. MakeMyTrip had a return on equity of 48.06% and a net margin of 5.46%.The company had revenue of $295.70 million during the quarter, compared to analysts’ expectations of $306.29 million. On average, analysts expect that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

Institutional Trading of MakeMyTrip

A number of institutional investors have recently bought and sold shares of the stock. FACT Capital LP raised its position in MakeMyTrip by 0.4% during the 4th quarter. FACT Capital LP now owns 69,641 shares of the technology company’s stock worth $5,719,000 after buying an additional 292 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of MakeMyTrip in the fourth quarter valued at about $4,512,000. Ovata Capital Management Ltd acquired a new stake in MakeMyTrip in the 4th quarter worth about $690,000. Man Group plc increased its position in shares of MakeMyTrip by 60.6% during the fourth quarter. Man Group plc now owns 1,381,728 shares of the technology company’s stock worth $113,468,000 after purchasing an additional 521,415 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of MakeMyTrip by 95.9% in the fourth quarter. Janus Henderson Group PLC now owns 95,165 shares of the technology company’s stock worth $7,816,000 after buying an additional 46,592 shares in the last quarter. 51.89% of the stock is currently owned by institutional investors and hedge funds.

About MakeMyTrip

MakeMyTrip Inc is an online travel company that provides a comprehensive suite of travel products and services through its website and mobile app platform. The company’s offerings include air ticketing, hotel reservations, holiday packages, rail and bus ticket bookings, ancillary travel services such as travel insurance and visa assistance, and corporate travel management solutions. By leveraging technology-driven platforms, MakeMyTrip aims to deliver convenience, competitive pricing, and a seamless booking experience for both retail and business customers.

Founded in June 2000 by Deep Kalra, MakeMyTrip has grown to become one of India’s leading travel technology firms.