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MMYT
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
4.48B

MMYT MakeMyTrip Limited Forecast, Technical & Fundamental Analysis

a provider of online travel and hoteliery services

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for MMYT with price predictions
07:00 PM EST Dec 03, 2023

MMYT in +6.30% Uptrend, growing for three consecutive days on December 04, 2023

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where MMYT advanced for three days, in of 308 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 04, 2023. You may want to consider a long position or call options on MMYT as a result. In of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for MMYT just turned positive on December 04, 2023. Looking at past instances where MMYT's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .

MMYT moved above its 50-day moving average on November 03, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for MMYT crossed bullishly above the 50-day moving average on November 10, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 231 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 RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 60 cases where MMYT's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

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 .

MMYT broke above its upper Bollinger Band on December 04, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

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 88, 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable 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 (4.924) is normal, around the industry mean (11.860). MMYT has a moderately high P/E Ratio (175.439) as compared to the industry average of (53.112). MMYT's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.098). Dividend Yield (0.000) settles around the average of (0.033) among similar stocks. P/S Ratio (6.807) is also within normal values, averaging (27.975).

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Booking Holdings (NASDAQ:BKNG), Royal Caribbean Group (NYSE:RCL), Trip.com Group Limited (NASDAQ:TCOM), Carnival Corp (NYSE:CCL), Expedia Group (NASDAQ:EXPE), WW International (NASDAQ:WW).

Industry description

Other consumer services include companies that provide consumer services, and are not classified elsewhere. Travel fare aggregators, hotel bookings, consumer-to-consumer or business-to-business sales platforms are some examples of services that can be clubbed into this category. Many of such services have expanded online. Booking Holdings Inc, The Priceline Group Inc, and eBay Inc. are some major operators in this segment.

Market Cap

The average market capitalization across the Other Consumer Services Industry is 7.86B. The market cap for tickers in the group ranges from 158.6K to 109.23B. BKNG holds the highest valuation in this group at 109.23B. The lowest valued company is PRXIQ at 158.6K.

High and low price notable news

The average weekly price growth across all stocks in the Other Consumer Services Industry was 1%. For the same Industry, the average monthly price growth was 4%, and the average quarterly price growth was -6%. NCLH experienced the highest price growth at 22%, while ISPO experienced the biggest fall at -11%.

Volume

The average weekly volume growth across all stocks in the Other Consumer Services Industry was 48%. For the same stocks of the Industry, the average monthly volume growth was -26% and the average quarterly volume growth was -7%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 61
P/E Growth Rating: 71
Price Growth Rating: 50
SMR Rating: 71
Profit Risk Rating: 87
Seasonality Score: 22 (-100 ... +100)
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A.I. Advisor
published Earnings

MMYT is expected to report earnings to rise 842.00% to 18 cents per share on January 25

MakeMyTrip Limited MMYT Stock Earnings Reports
Q4'23
Est.
$0.19
Q3'23
Missed
by $0.08
Q2'23
Beat
by $0.10
Q1'23
Beat
by $0.02
Q4'22
Est.
$0.00
The last earnings report on October 31 showed earnings per share of 1 cents, missing the estimate of 10 cents. With 1.69M shares outstanding, the current market capitalization sits at 4.48B.
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
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MMYT and

Correlation & Price change

A.I.dvisor tells us that MMYT and SABR have been poorly correlated (+30% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that MMYT and SABR's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MMYT
1D Price
Change %
MMYT100%
+5.33%
SABR - MMYT
30%
Poorly correlated
+1.05%
CCL - MMYT
29%
Poorly correlated
+3.74%
TNL - MMYT
26%
Poorly correlated
-1.01%
EXPE - MMYT
26%
Poorly correlated
+0.37%
ROVR - MMYT
25%
Poorly correlated
-0.46%
More

Groups containing MMYT

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MMYT
1D Price
Change %
MMYT100%
+5.33%
bric
(undefined stocks)
37%
Loosely correlated
-1.16%
asia
(undefined stocks)
34%
Loosely correlated
-0.07%
emerging markets
(undefined stocks)
32%
Poorly correlated
-1.52%
online
(undefined stocks)
30%
Poorly correlated
+0.16%
personal
(undefined stocks)
27%
Poorly correlated
-0.01%
More