There Is A Quest For Clarity Surrounding MakeMyTrip Ltd (NASDAQ: MMYT) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that MakeMyTrip Limited Announces Completion of the Repurchase Right Offer for Its 0.00% Convertible Senior Notes due 2028.

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Stocks Info

This NASDAQ-listed company operates within the Travel Services industry segment, falling under the Consumer Cyclical sector. The current market capitalization of MakeMyTrip Ltd is $7.79B. A total of 0.71 million shares were traded on the day, compared to an average of 743.45K shares.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, MMYT has a high of $71.41 and a low of $22.50.

As of this writing, MMYT has an earnings estimate of $0.2 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.26 per share and a lower estimate of $0.16. The company reported an EPS of $0.25 in the last quarter, which was 127.30% higher than expectations of $0.11.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $8.38, while its Total Shareholder’s Equity was $896.48M.

Analysts Opinion

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. 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 4.57.

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