Somewhat Positive Media Coverage Somewhat Unlikely to Affect MakeMyTrip Limited (MMYT) Stock Price
News articles about MakeMyTrip Limited (NASDAQ:MMYT) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. MakeMyTrip Limited earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 45.8672353040003 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- MakeMyTrip Limited (MMYT) Spectacular Insider Ownership of 85.40% – Wallstreet Investorplace (wallstreetinvestorplace.com)
- MakeMyTrip Limited (NASDAQ:MMYT) – Active Mover – The Investor Guide (wallstreetnews24.com)
- MakeMyTrip Limited (MMYT) moved with flow of -10.04% on Wednesday – Voice Of Analysts (analystsbuzz.com)
- MakeMyTrip Ltd. breached its 50 day moving average in a Bearish Manner : MMYT-US : September 21, 2017 (finance.yahoo.com)
- Mid-Morning Market Update: Markets Fall; Initial Jobless Claims Drop to 259,000 (feeds.benzinga.com)
Shares of MakeMyTrip Limited (MMYT) opened at 28.45 on Friday. MakeMyTrip Limited has a one year low of $19.75 and a one year high of $40.90. The firm’s market cap is $2.77 billion. The company has a 50-day moving average of $32.26 and a 200 day moving average of $33.69.
MakeMyTrip Limited (NASDAQ:MMYT) last issued its earnings results on Wednesday, August 9th. The technology company reported ($0.61) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.47) by ($0.14). The firm had revenue of $141.21 million for the quarter, compared to analysts’ expectations of $110.67 million. MakeMyTrip Limited had a negative return on equity of 16.91% and a negative net margin of 31.64%. The firm’s revenue for the quarter was up 139.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.73) EPS. On average, equities research analysts expect that MakeMyTrip Limited will post ($2.14) EPS for the current fiscal year.
Several analysts have recently issued reports on MMYT shares. Zacks Investment Research raised shares of MakeMyTrip Limited from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Saturday, July 1st. TheStreet raised shares of MakeMyTrip Limited from a “d” rating to a “c-” rating in a research report on Tuesday, July 25th. BidaskClub raised shares of MakeMyTrip Limited from a “sell” rating to a “hold” rating in a research report on Saturday, June 24th. Jefferies Group LLC cut shares of MakeMyTrip Limited from a “buy” rating to a “hold” rating and increased their price target for the stock from $19.80 to $32.00 in a research report on Thursday, August 10th. Finally, ValuEngine raised shares of MakeMyTrip Limited from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $31.73.
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MakeMyTrip Limited Company Profile
MakeMyTrip Limited is an online travel company in India. The Company’s services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. Its segments include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet-based platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices, and Others, which include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company.
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