MakeMyTrip (NASDAQ:MMYT) Sets New 1-Year High – Should You Buy?

MakeMyTrip Limited (NASDAQ:MMYT)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $114.47 and last traded at $114.00, with a volume of 227195 shares. The stock had previously closed at $109.90.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MMYT shares. StockNews.com cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Bank of America raised their target price on MakeMyTrip from $112.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th.

MakeMyTrip Stock Down 0.1 %

The firm’s fifty day moving average is $102.75 and its 200-day moving average is $93.28. The company has a current ratio of 2.82, a quick ratio of 2.81 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $12.53 billion, a P/E ratio of 62.36, a P/E/G ratio of 6.18 and a beta of 1.27.

MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.10. MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%. The firm had revenue of $210.99 million during the quarter, compared to the consensus estimate of $214.90 million. During the same quarter in the previous year, the company posted $0.18 EPS. As a group, equities research analysts predict that MakeMyTrip Limited will post 1.29 earnings per share for the current year.

Institutional Investors Weigh In On MakeMyTrip

A number of hedge funds have recently added to or reduced their stakes in MMYT. Park Place Capital Corp bought a new position in shares of MakeMyTrip in the third quarter worth about $25,000. EverSource Wealth Advisors LLC raised its position in MakeMyTrip by 163.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 535 shares of the technology company’s stock worth $35,000 after purchasing an additional 332 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in MakeMyTrip by 100.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock worth $42,000 after buying an additional 225 shares in the last quarter. Fifth Third Bancorp bought a new position in MakeMyTrip in the 2nd quarter valued at $59,000. Finally, nVerses Capital LLC acquired a new stake in shares of MakeMyTrip in the 2nd quarter valued at $143,000. Institutional investors own 51.89% of the company’s stock.

MakeMyTrip Company Profile

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.