With 1.38 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.75 million shares. The 52-week range on MMYT shows that it touched its highest point at $123.00 and its lowest point at $59.51 during that stretch. It currently has a 1-year price target of $118.78. Beta for the stock currently stands at 1.05.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MMYT was down-trending over the past week, with a drop of -10.14%, but this was down by -27.20% over a month. Three-month performance dropped to -27.16% while six-month performance fell -9.40%. The stock gained 40.53% in the past year, while it has lost -24.34% so far this year. A look at the trailing 12-month EPS for MMYT yields 1.83 with Next year EPS estimates of 1.42. For the next quarter, that number is 0.24. This implies an EPS growth rate of -53.01% for this year and 65.16% for next year.
Float and Shares Shorts:
At present, 72.33 million MMYT shares are outstanding with a float of 65.05 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MMYT since 5 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.56852 being high and $0.53511 being low. For MMYT, this leads to a yearly average estimate of $0.55675. Based on analyst estimates, the high estimate for the next quarter is $0.48 and the low estimate is $0.48. The average estimate for the next quarter is thus $0.48.
