MakeMyTrip (NASDAQ:MMYT) Reaches New 1-Year Low – Here’s Why

MakeMyTrip Limited (NASDAQ:MMYT)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $45.01 and last traded at $46.79, with a volume of 292088 shares. The stock had previously closed at $45.76.

More MakeMyTrip News

Here are the key news stories impacting MakeMyTrip this week:

• Positive Sentiment: Potential India IPO could unlock valuation and broaden investor base: Management is evaluating a domestic listing after folding RedBus India into the local entity, which could attract domestic institutional and retail demand, narrow the ADR/local valuation gap, and provide a local fundraising path. Read More.
• Positive Sentiment: Analyst sentiment generally favorable: Recent coverage shows a consensus rating around “Moderate Buy,” which can lend support to the shares as the market prices in the IPO prospect. Read More.
• Positive Sentiment: Sector tailwinds — rising internet and smartphone penetration support growth: Industry commentary names MMYT among companies positioned to benefit from secular growth in digital travel and delivery services. This underpins a longer-term growth narrative for investors. Read More.
• Neutral Sentiment: Restructuring completed but details/timeline remain vague: Reports note the internal reorganization is in place, but the company has not disclosed timing, size, or structure of any India IPO — so immediate financial impact is uncertain. Read More.
• Neutral Sentiment: Possible ETF/index flows could help but are uncertain: Coverage noting MMYT’s role in the digital travel sector could draw passive interest, though the magnitude is unclear until listings or index changes are formalized. Read More.
• Negative Sentiment: Execution, regulatory and timing risks for an India IPO: Local approvals, tax/regulatory considerations, potential lockups, or a small/partial listing could limit value unlocking; markets dislike uncertainty on timing and deal sizing. Read More.
• Negative Sentiment: Valuation and technical headwinds could cap upside: MMYT still trades well below its 50- and 200-day moving averages, near its 12-month low, and carries a high trailing PE, making the stock sensitive to any short-term earnings or execution shortfalls (recent quarter beat EPS but revenue missed estimates). (Company fundamentals and technicals from market data)

Wall Street Analyst Weigh In

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

MakeMyTrip Trading Up 1.1%

The firm has a 50-day moving average of $61.18 and a 200 day moving average of $77.20. The company has a market cap of $5.15 billion, a P/E ratio of 96.27, a price-to-earnings-growth ratio of 1.56 and a beta of 0.64. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 38.85.

MakeMyTrip (NASDAQ:MMYT) last issued its earnings results on Wednesday, January 21st. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.09. MakeMyTrip had a net margin of 5.46% and a return on equity of 48.06%. The business had revenue of $295.70 million for the quarter, compared to analyst estimates of $306.29 million. On average, analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

Institutional Trading of MakeMyTrip

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Leonteq Securities AG acquired a new position in MakeMyTrip during the 4th quarter worth approximately $29,000. Parallel Advisors LLC increased its holdings in shares of MakeMyTrip by 244.8% during the third quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock valued at $37,000 after acquiring an additional 284 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of MakeMyTrip during the fourth quarter worth approximately $46,000. Stone House Investment Management LLC lifted its holdings in shares of MakeMyTrip by 50.0% in the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the technology company’s stock worth $49,000 after purchasing an additional 200 shares in the last quarter. Finally, Rakuten Securities Inc. grew its position in MakeMyTrip by 893.9% in the 4th quarter. Rakuten Securities Inc. now owns 656 shares of the technology company’s stock valued at $54,000 after purchasing an additional 590 shares during the period. 51.89% of the stock is owned by institutional investors.

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.