MakeMyTrip (NASDAQ:MMYT) Reaches New 52-Week Low – Time to Sell?

MakeMyTrip Limited (NASDAQ:MMYT) shares hit a new 52-week low during trading on Monday . The stock traded as low as $32.67 and last traded at $34.5820, with a volume of 874062 shares traded. The stock had previously closed at $36.30.

MakeMyTrip News Summary

Here are the key news stories impacting MakeMyTrip this week:

• Positive Sentiment: MakeMyTrip’s most recent quarterly results beat EPS estimates (reported Jan. 21), and the company shows strong ROE — factors that undercut a sustained sell‑off and give investors a fundamentals-based reason to buy on weakness.
• Neutral Sentiment: Trading has been higher‑than‑normal in response to the report, increasing volatility and short‑term risk; this makes intraday moves amplified but doesn’t resolve the underlying allegations.
• Negative Sentiment: Short‑seller Morpheus alleges MakeMyTrip engaged in anti‑competitive practices and defied a CCI order — the report cites claimed preferential treatment, improper fee accounting and allowance of problematic hotels on the platform. Article Title
• Negative Sentiment: Morpheus also accuses MakeMyTrip of inflating profits and misstating metrics — allegations that, if followed by formal regulatory scrutiny or accounting review, could materially hurt sentiment and valuation. Article Title
• Negative Sentiment: Multiple outlets report that the short‑seller release triggered an immediate share drop and heightened sell pressure; the continued impact will depend on any official inquiries (CCI, auditors or exchanges) and on MakeMyTrip’s public rebuttal or clarifications. Article Title

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MakeMyTrip in a research note on Tuesday, January 27th. Bank of America decreased their price target on shares of MakeMyTrip from $115.00 to $113.00 and set a “buy” rating on the stock in a research note on Wednesday, December 24th. Morgan Stanley restated an “overweight” rating on shares of MakeMyTrip in a research report on Wednesday, December 31st. Finally, Citigroup dropped their price objective on shares of MakeMyTrip from $108.00 to $96.00 and set a “buy” rating for the company in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, MakeMyTrip presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.33.

MakeMyTrip Stock Performance

The stock has a 50-day moving average of $52.81 and a 200 day moving average of $72.65. The stock has a market cap of $4.15 billion, a PE ratio of 77.69, a P/E/G ratio of 1.25 and a beta of 0.64. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 38.85.

MakeMyTrip (NASDAQ:MMYT) last issued its earnings results on Wednesday, January 21st. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.09. MakeMyTrip had a return on equity of 48.06% and a net margin of 5.46%.The company had revenue of $295.70 million during the quarter, compared to analysts’ expectations of $306.29 million. Equities analysts predict that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.

Institutional Investors Weigh In On MakeMyTrip

Hedge funds have recently modified their holdings of the company. Leonteq Securities AG purchased a new position in MakeMyTrip during the fourth quarter worth about $29,000. Parallel Advisors LLC grew its stake in shares of MakeMyTrip by 244.8% in the 3rd quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock valued at $37,000 after buying an additional 284 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of MakeMyTrip in the 4th quarter valued at approximately $46,000. Stone House Investment Management LLC increased its holdings in shares of MakeMyTrip by 50.0% during the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the technology company’s stock worth $49,000 after buying an additional 200 shares during the last quarter. Finally, Rakuten Securities Inc. raised its position in shares of MakeMyTrip by 893.9% during the 4th quarter. Rakuten Securities Inc. now owns 656 shares of the technology company’s stock valued at $54,000 after buying an additional 590 shares during the period. Hedge funds and other institutional investors own 51.89% of the company’s stock.

MakeMyTrip Company Profile

MakeMyTrip Inc is an online travel company that provides a comprehensive suite of travel products and services through its website and mobile app platform. The company’s offerings include air ticketing, hotel reservations, holiday packages, rail and bus ticket bookings, ancillary travel services such as travel insurance and visa assistance, and corporate travel management solutions. By leveraging technology-driven platforms, MakeMyTrip aims to deliver convenience, competitive pricing, and a seamless booking experience for both retail and business customers.

Founded in June 2000 by Deep Kalra, MakeMyTrip has grown to become one of India’s leading travel technology firms.