MakeMyTrip Ltd. (MMYT) Stock Price Down 3%
MakeMyTrip Ltd. (NASDAQ:MMYT)’s share price dropped 3% on Thursday . The company traded as low as $16.46 and last traded at $16.53, with a volume of 96,572 shares. The stock had previously closed at $17.04.
MMYT has been the topic of a number of research analyst reports. Nomura Holdings Inc. upgraded MakeMyTrip from a “reduce” rating to a “neutral” rating and decreased their target price for the stock from $14.50 to $14.00 in a research note on Friday, June 3rd. Zacks Investment Research upgraded MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Thursday, March 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. MakeMyTrip currently has a consensus rating of “Hold” and an average target price of $15.78.
The stock’s market capitalization is $693.15 million. The stock has a 50-day moving average price of $15.42 and a 200-day moving average price of $17.20.
MakeMyTrip (NASDAQ:MMYT) last released its quarterly earnings results on Wednesday, May 18th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.50) by $0.32. The firm earned $88 million during the quarter, compared to analysts’ expectations of $36.91 million. During the same quarter in the prior year, the business posted ($0.04) EPS. MakeMyTrip’s revenue was up 28.3% on a year-over-year basis. On average, equities analysts anticipate that MakeMyTrip Ltd. will post ($2.35) earnings per share for the current fiscal year.
MakeMyTrip Limited is an online travel company in India. The Company conducts its business principally through its Indian subsidiary, MakeMyTrip (India) Private Limited (MMT India). Through its primary Website, www.makemytrip.com, or MakeMyTrip.com, its subsidiaries’ websites, such as www.hoteltravel.com, www.makemytrip.ae, www.makemytrip.com.sg, and other technology-enhanced distribution channels in India, including its call centers, travel stores and travel agents’ network, travelers can research, plan and book a wide range of travel services and products in India, as well as overseas.
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