The trading price of MakeMyTrip Ltd (NASDAQ:MMYT) closed lower on Monday, August 5, closing at $83.92, -1.14% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 49.98. In examining the 52-week price action we see that the stock hit a 52-week high of $100.22 and a 52-week low of $32.83. Over the past month, the stock has lost -2.36% in value.
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MakeMyTrip Ltd, whose market valuation is $9.21 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest MMYT has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 49.98, which symbolizes a positive outlook. A quick review shows that MMYT’s price is currently -6.43% off the SMA20 and -0.16% off the SMA50. The RSI metric on the 14-day chart is currently showing 43.91, and weekly volatility stands at 6.05%. When measured over the past 30 days, the indicator reaches 6.14%. MakeMyTrip Ltd (NASDAQ:MMYT)’s beta value is currently sitting at 1.31, while the Average True Range indicator is currently displaying 5.32.
To see how MakeMyTrip Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: MMYT stock’s performance was -1.14% in the latest trading, and 141.64% in the past year. MakeMyTrip Ltd has a P/E ratio of 49.98.
An evaluation of the daily trading volume of MakeMyTrip Ltd (NASDAQ:MMYT) indicates that the 3-month average is 775.27K.
Currently, records show that 70.11 million of the company’s shares remain outstanding. The insiders hold 42.35% of outstanding shares, whereas institutions hold 50.73%. However, since the stock’s price has seen 78.63% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
