Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Makemytrip Ltd before investing.

In this article, we go over a few key elements for understanding Makemytrip Ltd’s stock price such as:

• Makemytrip Ltd’s current stock price and volume
• Why Makemytrip Ltd’s stock price changed recently
• Upgrades and downgrades for MMYT from analysts
• MMYT’s stock price momentum as measured by its relative strength

About Makemytrip Ltd (MMYT)

Before we jump into Makemytrip Ltd’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

MakeMyTrip Limited is an online travel provider. The Company's segments include Air Ticketing, Hotels and Packages and Bus Ticketing. The Air ticketing segment provides the facility to book domestic and international air tickets through Internet-based platforms. The Hotels and packages segment provides holiday packages and hotel reservations through Internet-based platforms, call centers, and franchise stores. The Bus ticketing segment provides the facility to book domestic and international bus tickets through Internet-based platforms. Through its primary websites, such as www.makemytrip.com, www.goibibo.com, and www.redbus.in, and mobile platforms, travelers can research, plan and book a range of travel services and products in India, as well as overseas. The Company's services and products include air ticketing, hotels and packages, bus tickets, rail tickets, car hire, activities and experiences, and ancillary travel requirements. It also provides an inter-city car rental service.

Want to learn more about Makemytrip Ltd’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about Makemytrip Ltd.

Makemytrip Ltd’s Stock Price as of Market Close

As of May 21, 2024, 4:00 PM, CST, Makemytrip Ltd’s stock price was $81.73.

Makemytrip Ltd is down 8.9% from its previous closing price of $89.71.

During the last market session, Makemytrip Ltd’s stock traded between $85.60 and $89.83. Currently, there are 111.46 million shares of Makemytrip Ltd stock available for purchase.

Makemytrip Ltd’s price-earnings (P/E) ratio is currently at 48.5, which is high compared to the Leisure & Recreation industry median of 31.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Makemytrip Ltd Stock Price History

Makemytrip Ltd’s (MMYT) price is currently up 23.44% so far this month.

During the month of May, Makemytrip Ltd’s stock price has reached a high of $89.83 and a low of $65.54.

Over the last year, Makemytrip Ltd has hit prices as high as $89.83 and as low as $25.76. Year to date, Makemytrip Ltd’s stock is up 196.45%.

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

What Caused Makemytrip Ltd Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 20, 2024, there was 1 analyst who downgraded Makemytrip Ltd’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Makemytrip Ltd’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Makemytrip Ltd’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Makemytrip Ltd’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Makemytrip Ltd (MMYT) by visiting AAII Stock Evaluator.

Relative Price Strength of Makemytrip Ltd

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 20, 2024, Makemytrip Ltd has a weighted four-quarter relative price strength of 32.50%, which translates to a Momentum Score of 96 and is considered to be Very Strong.

Want to learn more about how Makemytrip Ltd is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Makemytrip Ltd Stock Price: Bottom Line

As of May 21, 2024, Makemytrip Ltd’s stock price is $81.73, which is down 8.9% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Makemytrip Ltd stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.