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Saturday, June 3, 2023

It’s Not Over Yet For MakeMyTrip Limited (NASDAQ: MMYT)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for MakeMyTrip Limited (MMYT) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.49, or -1.96%, to $24.47. The MakeMyTrip Limited has recorded 164,136 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that MakeMyTrip Limited to Report Fiscal 2023 Third Quarter Financial & Operating Results on January 31, 2023.

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Stocks Info

MakeMyTrip Limited is listed on the NASDAQ as a member of the Consumer Cyclical sector and is a part of the Travel Services industry. At the end of the last regular session, the stock closed at $24.96 and fluctuated between $25.45 as its day high and $24.18 as its day low. The current market capitalization of MakeMyTrip Limited is $2.55B. A total of 0.52 million shares were traded on the day, compared to an average of 283.05K shares.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for MMYT in the last 3 months, the mean price target is $37.89 with high estimates of $44.00 and low estimates of $34.00. In terms of 52-week highs and lows, MMYT has a high of $34.68 and a low of $21.36.

As of this writing, MMYT has an earnings estimate of $0.05 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.17 per share and a lower estimate of -$0.03. The company reported an EPS of -$0.06 in the last quarter, which was 25.00% higher than expectations of -$0.08.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MMYT’s latest balance sheet shows that the firm has $477.46M in Cash & Short Term Investments as of fiscal 2022. There were $216.58M in debt and $191.22M in liabilities at the time. Its Book Value Per Share was $7.77, while its Total Shareholder’s Equity was $896.48M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MMYT is Buy with a score of 4.83.

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