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 December 13, 2024, MMYT stock price declined to $117.17 with 325,589 million shares trading.

MMYT has a beta of 1.96, meaning it tends to be more sensitive to market movements. MMYT has a correlation of 0.26 to the broad based SPY ETF.

MMYT has a market cap of $12.86 billion. This is considered a Large Cap stock.

Last quarter Makemytrip Limited - reported $230 million in Revenue and $.36 earnings per share. This beat revenue expectation by $15 million and exceeded earnings estimates by $.10.

In the last 3 years, MMYT traded as high as $123.00 and as low as $20.06.

The top ETF exchange traded funds that MMYT belongs to (by Net Assets): JETS, SPEM, EMQQ, VT, INQQ.

MMYT has outperformed the market in the last year with a price return of +154.4% while the SPY ETF gained +29.9%. MMYT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +14.0% and +2.1%, respectively, while the SPY returned +7.8% and +0.3%, respectively.

MMYT support price is $114.15 and resistance is $120.85 (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 shares will trade within this expected range on the day.