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 $65.20, up 5.03% from the previous day, and has increased 182.01% in one year. It has overperformed other stocks in the Travel Services industry by 1.48 percentage points. Makemytrip stock is currently +189.78% from its 52-week low of $22.50, and -15.65% from its 52-week high of $77.30.
As of Apr 23, 2024, there are 111.05M MMYT shares outstanding. The market value of MMYT is $7.24B. In the last 24 hours, 824,864 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 138.72x, relative to Travel Services industry P/E ratio of 32.22x
- MMYT could be undervalued based on its P/B ratio of 7.73x, relative to Travel Services industry P/B ratio of 9.57x
- MMYT may be overvalued based on its PEG ratio of 3.79x
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 -3.9% to 6.9% 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's operating cash flow of $170.58M allows it to safely service it's debt of $248.72M.
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 0.62.
- MMYT earnings of $77.54M is not sufficient to cover its interest payments.
You can dig deeper into what analysts are projecting on the Makemytrip stock forecast page.
MMYT Technicals
MMYT Performance Metrics
Last year, MMYT revenue was $728.16M. During the last five year, MMYT's revenue has increased by 6.82% per year. This was slower than the Travel Services industry average of 11.32%.
You can analyze MMYT's earnings and revenue performance here.
Are MMYT executives and large shareholders buying or selling the stock?
In the last 12 months, executives and large shareholders at MMYT have not bought or sold any shares.
Research more about who owns MMYT shares here.
Can I get consistent income from MMYT stock?
No, Makemytrip doesn't provide an income stream by paying out dividends.
MMYT Social Trading Data
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your MMYT buy order
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact price, place a limit order.
Hit the Open Trade button and your broker will execute the order.
If you want additional info about 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 shares.
Put MMYT on a watchlist to keep tabs on your MMYT stock.
MMYT Feed
How to Buy Stock in Makemytrip
To reiterate, here are the 6 steps to buy stock in Makemytrip:
- 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 need a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to track your new investment in Makemytrip, click below.
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