MakeMyTrip Limited (NASDAQ:MMYT) Relative Strength Index (RSI) is 67.89, with weekly volatility at 4.46% and ATR at 1.33. The MMYT stock’s 52-week price range has touched low of $13.51 and a $39.01 high. Intraday shares traded counted 0.54 million, which was 0.96% higher than its 30-day average trading volume of 545.10K. Its shares traded higher over the last trading session, gaining 3.24% on 06/17/21. The shares fell to a low of $29.36 before closing at $30.59. MMYT’s previous close was $29.63 while the outstanding shares total 106.71M. The firm has a beta of 1.27.
Investors have identified the Travel Services company MakeMyTrip Limited as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $3.09 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
MakeMyTrip Limited (MMYT) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For MMYT, the company has in raw cash 197.09 million on their books with 2.85 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 294.54 million total, with 196.87 million as their total liabilities.
MMYT were able to record 63.19 million as free cash flow during the 08/04/2021 quarter of the year, this saw their quarterly net cash flow reduce by 67.21 million. In cash movements, the company had a total of 63.66 million as operating cash flow.
Potential earnings growth for MakeMyTrip Limited (MMYT)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/04/2021 quarter of the year, MakeMyTrip Limited recorded a total of 56.81 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -158.58% coming in sequential stages and their sales for the 08/04/2021 quarter increasing by 62.94%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 7.34 million trying to sell their products during the last quarter, with the result yielding a gross income of 49.47 million. This allows shareholders to hold on to 106.71M with the recently reported earning now reading -0.03 cents per share. This is a figure that compared to analyst’s prediction for their 08/04/2021 (0.03 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.11 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on MMYT sounds very interesting.
Is the stock of MMYT attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 85.40%.
3 out of 5 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on MakeMyTrip Limited. 1 analysts has assigned a Sell rating on the MMYT stock. The 12-month mean consensus price target for the company’s shares has been set at $31.20.