The price of MakeMyTrip Ltd (NASDAQ:MMYT) shares last traded on Wall Street rose 3.21% to $94.43.
MMYT stock price is now -7.58% away from the 50-day moving average and -8.89% away from the 200-day moving average. The market capitalization of the company currently stands at $10.51B.
With the price target enhanced from $119 to $130, BofA Securities maintained Buy rating for MakeMyTrip Ltd (NASDAQ: MMYT). On February 21, 2024, Macquarie Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock increasing its target price from $50 to quote $60, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, RAJESH MAGOW, Officer bought 2,000 shares of the company’s stock on May 27 ’25. The stock was bought for $210,000 at an average price of $105.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 04 ’25, Officer RAJESH MAGOW bought 20,000 shares of the business’s stock. A total of $2,377,900 was incurred on buying the stock at an average price of $118.89. A total of 40.30% of the company’s stock is owned by insiders.
During the past 12 months, MakeMyTrip Ltd has had a low of $76.95 and a high of $123.00. As of last week, the company has a debt-to-equity ratio of 0.23, a current ratio of 1.85, and a quick ratio of 1.60. According to the stock market information, the enterprise value for the company is $9964959744, which is based on a 113.96 price-to-earnings ratio, a 2.55 price-to-earnings-growth ratio, and a beta of 0.88. The fifty day moving average price for MMYT is $102.1728 and a two-hundred day moving average price translates $103.64235 for the stock.
The latest earnings results from MakeMyTrip Ltd (NASDAQ: MMYT) was released for 2025-03-31. The net profit margin was 9.72% and return on equity was 8.45% for MMYT. The company reported revenue of $245.46 million for the quarter, compared to $202.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.98 percent.
