Will stock surge before Earnings results? MakeMyTrip Stock Forecast, Price & News (NASDAQ:MMYT)

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Earnings results for MakeMyTrip Stock Forecast, Price & News (NASDAQ:MMYT)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at 999 and remained the same over the past month at 999. none raised and none lowered their forecast. For the fiscal year ending Mar 2021 , the consensus EPS* forecast has remained the same over the past week at -1.36 and decreased over the past month from -1.26 to -1.36(7.94%). Of the 1 analysts making yearly forecasts, none raised and 1 lowered their forecast.

MakeMyTrip last announced its quarterly earnings data on June 26th, 2020. The technology company reported ($3.20) earnings per share for the quarter. The firm had revenue of $137.18 million for the quarter. MakeMyTrip has generated ($4.26) earnings per share over the last year. MakeMyTrip has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, August 18th, 2020 based off prior year’s report dates.

Analyst Opinion on MakeMyTrip Stock Forecast, Price & News (NASDAQ:MMYT)

2 Wall Street analysts have issued ratings and price targets for MakeMyTrip in the last 12 months. Their average twelve-month price target is $29.50, predicting that the stock has a possible upside of 103.59%. The high price target for MMYT is $32.00 and the low price target for MMYT is $27.00. There are currently 1 sell rating and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”

MakeMyTrip has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on 1 buy rating, no hold ratings, and 1 sell rating. According to analysts’ consensus price target of $29.50, MakeMyTrip has a forecasted upside of 103.6% from its current price of $14.49. MakeMyTrip has received no research coverage in the past 90 days.

Dividend Strength: MakeMyTrip Stock Forecast, Price & News (NASDAQ:MMYT)

MakeMyTrip does not currently pay a dividend. MakeMyTrip does not have a long track record of dividend growth.

Insiders buying/selling: MakeMyTrip Stock Forecast, Price & News (NASDAQ:MMYT)

In the past three months, MakeMyTrip insiders have not sold or bought any company stock. 40.89% of the stock of MakeMyTrip is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of MakeMyTrip Stock Forecast, Price & News (NASDAQ:MMYT

Earnings for MakeMyTrip are expected to grow in the coming year, from ($1.36) to ($0.79) per share. The P/E ratio of MakeMyTrip is -3.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of MakeMyTrip is -3.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. MakeMyTrip has a P/B Ratio of 1.73. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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