Stock Buzzer: What’s MakeMyTrip Limited Downside After Today’s Big Decline?

Stock Buzzer: What's MakeMyTrip Limited Downside After Today's Big Decline?

The stock of MakeMyTrip Limited (NASDAQ:MMYT) is a huge mover today! The stock decreased 3.69% or $0.87 during the last trading session, hitting $22.73. About 347,287 shares traded hands or 91.84% up from the average. MakeMyTrip Limited (NASDAQ:MMYT) has risen 29.07% since March 1, 2016 and is uptrending. It has outperformed by 16.86% the S&P500.
The move comes after 8 months negative chart setup for the $1000.00 million company. It was reported on Oct, 4 by We have $21.59 PT which if reached, will make NASDAQ:MMYT worth $50.00M less.

Analysts await MakeMyTrip Limited (NASDAQ:MMYT) to report earnings on November, 3. They expect $-0.75 EPS, down 188.46% or $0.49 from last year’s $-0.26 per share. After $-0.34 actual EPS reported by MakeMyTrip Limited for the previous quarter, Wall Street now forecasts 120.59% negative EPS growth.

MakeMyTrip Limited (NASDAQ:MMYT) Ratings Coverage

Out of 4 analysts covering MakeMyTrip (NASDAQ:MMYT), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. MakeMyTrip has been the topic of 7 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Nomura downgraded the stock to “Reduce” rating in Tuesday, February 23 report. The company was upgraded on Friday, June 3 by Nomura. As per Friday, October 30, the company rating was downgraded by Deutsche Bank.

According to Zacks Investment Research, “MakeMyTrip Limited is an online travel service company which offers travel products and solutions in India and the United States. The Company’s services and products include air tickets, customized holiday packages, hotel booking, railway tickets, bus tickets, car hire and facilitating access to travel insurance. MakeMyTrip Limited is the parent company of MakeMyTrip (India) Private Limited and Inc. Through its primary website,, and other technology-enhanced platforms, the Company provides access to all major domestic full-service and low-cost airlines operating in India, all major airlines operating to and from India, a wide selection of hotels in and outside India, Indian Railways and several major Indian bus operators. MakeMyTrip Limited is based in Gurgaon, India.”

Another recent and important MakeMyTrip Limited (NASDAQ:MMYT) news was published by which published an article titled: “MakeMyTrip Limited Announces Details of Annual Meeting of Shareholders” on September 06, 2016.

MMYT Company Profile

MakeMyTrip Limited, incorporated on April 28, 2000, is an online travel firm in India. The Company’s services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. The Company’s divisions include Air ticketing; Hotels and packages, and Others. The Air ticketing segment provides the facility to book international and domestic air tickets through an Internet platform. The Hotels and packages segment provides holiday packages and hotel reservations through an Internet platform, call-centers and branch offices. The Company’s Other activities primarily include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company.

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