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MakeMyTrip Limited (MMYT) Stock: Navigating a Year of Stock Volatility

Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. MakeMyTrip Limited’s current trading price is -5.96% away from its 52-week high, while its distance from the 52-week low is 73.33%. The stock’s price range over this period has fluctuated between $22.50 and $41.47. The company, operating within the financial sector, had a trading volume of approximately 0.6 million for the day, which was noticeably higher than the average daily share volume of 0.55 million over the last 3 months.

The stock of MakeMyTrip Limited (MMYT) is currently priced at $39.00. In the last session, the stock climbed significantly, topping out at $40.38 after opening at $40.33. The day’s lowest price was $38.96 before the stock closed at $39.55.

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MakeMyTrip Limited experienced a rather steady stock market performance. The highest value in the past year was recorded at $41.47 on 09/12/23 and the lowest value was $22.50 on 04/26/23.

Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis

MakeMyTrip Limited (MMYT) has experienced a quarterly rise of 39.19% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.14B and boasts a workforce of 4090 employees.

MakeMyTrip Limited: What Analysts Are Saying

As of right now, 8 analysts are rating MakeMyTrip Limited as a BUY, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analyst is recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.

Analyzing Trading Volume and Moving Average Trends

Based on Barchart.com data, the company’s moving average over the 100-day period was 30.13, with a change in price of +15.61. Similarly, MakeMyTrip Limited recorded 473,595 in trading volume during the last 100 days, posting a change of +67.45%.

Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis

The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for MMYT stands at 0.27. Similarly, the long-term debt-to-equity ratio is also 0.02.

MMYT Stock Stochastic Average

Today, MakeMyTrip Limited’s raw stochastic average for the past 50 days stands at 82.79%, indicating a rise from the raw stochastic average of the last 20 days, which was 54.38%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 68.61% and 77.96% respectively.

MMYT Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The metric has seen a significant gain of 41.46% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 58.02%. Over the past 30 days, the price of MMYT has fallen by 7.11%. And in the last five days, it has fallen by -0.36%.

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