MMYT Stock Summary and Trading Ideas (Makemytrip Limited - | NASDAQ:MMYT)

MakeMyTrip Ltd is an online travel company, which provides online booking solutions for day-to-day travel needs. The company's operating segment includes Air ticketing; Hotels and packages; Bus ticketing and Others. It generates maximum revenue from the Hotels and packages segment. The Hotels and packages segments include internet-based platforms, call-centers, and branch offices, which provide holiday packages and hotel reservations. Its Air ticketing segment includes internet-based platforms, provides the facility to book domestic and international air tickets. Geographically, it derives a majority of revenue from India and also has a presence in the United States; South East Asia; Europe, and other countries.

Makemytrip Limited - trades on the NASDAQ stock market under the symbol MMYT.

As of April 19, 2024, MMYT stock price climbed to $62.02 with 305,764 million shares trading.

MMYT has a beta of 0.90, meaning it tends to be less sensitive to market movements. MMYT has a correlation of 0.08 to the broad based SPY ETF.

MMYT has a market cap of $6.76 billion. This is considered a Mid Cap stock.

Last quarter Makemytrip Limited - reported $218 million in Revenue and $.35 earnings per share. This beat revenue expectation by $9 million and exceeded earnings estimates by $.11.

In the last 3 years, MMYT stock traded as high as $77.30 and as low as $20.06.

The top ETF exchange traded funds that MMYT belongs to (by Net Assets): PEJ, JETS, AWAY, SPEM, FFTY.

MMYT has outperformed the market in the last year with a return of +157.7%, while the SPY ETF gained +21.6%. In the last 3 month period, MMYT beat the market returning +26.6%, while SPY returned +4.7%. However, in the most recent 2 weeks MMYT has underperformed the stock market by returning -13.3%, while SPY returned -3.1%.

MMYT support price is $59.51 and resistance is $62.94 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MMYT stock will trade within this expected range on the day.