MENU
+Compare
MMYT
Stock ticker: NASDAQ
AS OF
Dec 20, 04:59 PM (EDT)
Price
$111.00
Change
-$2.00 (-1.77%)
Capitalization
7.75B

MMYT MakeMyTrip Limited Forecast, Technical & Fundamental Analysis

a provider of online travel and hoteliery services

MMYT
Daily Signalchanged days ago
Gain/Loss if bought
Show more...
A.I.Advisor
a Summary for MMYT with price predictions
Dec 20, 2024

MMYT in upward trend: price may jump up because it broke its lower Bollinger Band on December 18, 2024

MMYT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 24 cases where MMYT's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

MMYT moved above its 50-day moving average on November 19, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MMYT advanced for three days, in of 327 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 284 cases where MMYT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for MMYT moved out of overbought territory on December 09, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 43 similar instances where the indicator moved out of overbought territory. In of the 43 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on December 18, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on MMYT as a result. In of 89 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for MMYT turned negative on December 16, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MMYT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 84, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MMYT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (8.313) is normal, around the industry mean (13.148). MMYT has a moderately high P/E Ratio (155.152) as compared to the industry average of (55.221). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.802). Dividend Yield (0.000) settles around the average of (0.053) among similar stocks. P/S Ratio (10.953) is also within normal values, averaging (22.805).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

View a ticker or compare two or three
MMYT
Daily Signalchanged days ago
Gain/Loss if bought
Show more...
Ad is loading...
A.I. Advisor
published Earnings

MMYT is expected to report earnings to fall 26.03% to 26 cents per share on January 23

MakeMyTrip Limited MMYT Stock Earnings Reports
Q4'24
Est.
$0.27
Q3'24
Beat
by $0.19
Q2'24
Beat
by $0.14
Q1'24
Missed
by $0.02
Q4'23
Est.
$0.22
The last earnings report on October 23 showed earnings per share of 36 cents, beating the estimate of 17 cents. With 784.43K shares outstanding, the current market capitalization sits at 7.75B.
A.I. Advisor
published General Information

General Information

a provider of online travel and hoteliery services

Industry OtherConsumerServices

Profile
Fundamentals
Details
Industry
Other Consumer Services
Address
DLF Cyber City, DLF Phase 2
Phone
+91 1244395000
Employees
4090
Web
https://www.makemytrip.com
Interesting Tickers
1D
1W
1M
1Q
6M
1Y
5Y
1 Day
ETFs / NAMEPrice $Chg $Chg %
ISCB59.090.58
+1.00%
iShares Morningstar Small-Cap ETF
WOMN38.910.31
+0.82%
Impact Shares YWCA Women's Empwrmt ETF
SPGM63.730.50
+0.79%
SPDR® Portfolio MSCI Global Stk Mkt ETF
FVD43.700.30
+0.69%
First Trust Value Line® Dividend ETF
JUNT32.360.21
+0.65%
AllianzIM U.S. Large Cp Buffer10 Jun ETF

MMYT and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, MMYT has been loosely correlated with BKNG. These tickers have moved in lockstep 34% of the time. This A.I.-generated data suggests there is some statistical probability that if MMYT jumps, then BKNG could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MMYT
1D Price
Change %
MMYT100%
-1.77%
BKNG - MMYT
34%
Loosely correlated
+1.37%
RCL - MMYT
33%
Poorly correlated
+3.32%
NCLH - MMYT
25%
Poorly correlated
+5.90%
ABNB - MMYT
24%
Poorly correlated
+3.76%
TCOM - MMYT
23%
Poorly correlated
-0.18%
More