How to Buy Makemytrip Stock
Makemytrip Ltd
MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia.
Makemytrip stock last closed at $119.93, up 2.19% from the previous day, and has increased 162.26% in one year. It has overperformed other stocks in the Travel Services industry by 1.05 percentage points. Makemytrip stock is currently +176.91% from its 52-week low of $43.31, and -2.5% from its 52-week high of $123.00.
As of Dec 11, 2024, there are 112.17M MMYT shares outstanding. The market value of MMYT is $13.45B. In the last 24 hours, 841,819 MMYT shares were traded.
How to Buy Makemytrip Stock
Not sure how to invest in Makemytrip stock? Here's how.
- Choose where to buy Makemytrip stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you determine where to buy Makemytrip stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your investment account: Select your payment method and add your info.
- Research Makemytrip stock: The Makemytrip ticker symbol is MMYT. Is Makemytrip stock a good investment? Should you buy shares of MMYT? How do MMYT's underlying business fundamentals look? Do top analysts think Makemytrip is a good buy? Why has MMYT's stock price moved recently? (Hint: Our stock market research website can help you figure out if MMYT is a good stock to buy).
- Execute your MMYT buy order: Decide if you will purchase MMYT shares at the current market price or use a limit order to purchase MMYT shares at a particular price.
- Keep an eye on your MMYT investment: Create a watchlist to monitor your position in Makemytrip stock.
Step 1: Choose where to buy Makemytrip stock
You will need an online brokerage account in order to access the NASDAQ market and buy MMYT shares.
Our favorite brokerage: eToro
Based on our analysis, eToro is the best brokerage. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
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- Social investing: eToro offers a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by creating an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the right brokerage, the next step is to fill out some personal info so you can buy MMYT today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create a new trading account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have created your account on the best stock trading app, you can securely and quickly fund your account:
Watch the tutorial below if you need help depositing funds into your brokerage account.
Step 4: Research Makemytrip stock
After you have chosen the best place to buy Makemytrip stock, it's important to research their stock prior to investing, so you can understand the risk as well as the upside.
Overview of key MMYT info
MMYT Fundamentals
WallStreetZen was built to help everyday investors do more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on MMYT's stock page.
Is MMYT stock properly valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge MMYT's fair value.
Using relative valuations metrics:
- MMYT could be overvalued based on its P/E ratio of 56.57x, relative to Travel Services industry P/E ratio of 31.49x
- MMYT could be undervalued based on its P/B ratio of 11.54x, relative to Travel Services industry P/B ratio of 12.01x
- MMYT may be overvalued based on its PEG ratio of 10.29x
You can do additional valuation research on MMYT's stock here.
MMYT Financials at a glance
Passed Financial Due Diligence Checks:
- MMYT profit margin has gone up from 3.8% to 26.6% in the past year.
- There are more short-term assets than long-term liabilities on the MMYT balance sheet.
- There are more short-term assets than short-term liabilities on the MMYT balance sheet.
- MMYT earnings of $122.27M is not sufficient to cover its interest payments.
- MMYT's operating cash flow of $189.00M allows it to safely service it's debt of $228.98M.
Failed Financial Due Diligence Checks:
- Total MMYT debt is higher than 5 years ago, relative to shareholder equity.
- MMYT has a relatively high debt to equity ratio of 0.52.
Do analysts think it's a good time to buy MMYT stock
Out of 2 Equities analysts who give forecasts on MMYT, the consensus analyst rating on Makemytrip is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are forecasting on the Makemytrip stock forecast page.
Metrics for Advanced MMYT Traders
Is MMYT Growing Revenue?
Last year, MMYT earnings were $235.16M. Over the past one years, MMYT's earnings have gone up by 744.62% per year. This was faster than the Travel Services industry average of 26.35%.
Last year, MMYT revenue was $882.62M. Over the past five year, MMYT's revenue has grown by 11.83% per year. This was faster than the Travel Services industry average of 11.72%.
You can analyze MMYT's earnings and revenue performance here.
What are MMYT insiders up to?
In the last 12 months, executives and large shareholders at MMYT have not bought or sold any shares.
Get more info about who owns MMYT stock here.
Can I rely on MMYT as an income stream?
No, Makemytrip doesn't provide an income stream by paying out dividends.
What others are saying about MMYT
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your MMYT buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually sufficient. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount, place a limit order.
Click the Open Trade button and eToro will execute the order.
If you need more help investing in stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your MMYT investment
Now that you own some shares in MMYT, you'll want to stay up-to-date on your new investment.
Add MMYT to a watchlist to get alerted to the latest events about your MMYT stock.
MMYT Feed
How to Buy Stock in Makemytrip
To summarize, here are the 6 steps you need to take to buy Makemytrip stock right now:
- Choose where to buy Makemytrip stock
- Sign up for a brokerage account
- Fund your investment account
- Research Makemytrip stock
- Execute your MMYT buy order
- Keep an eye on your MMYT investment
If you are looking for a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to monitor your new investment in Makemytrip, create a watchlist today.
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