MakeMyTrip Limited – Ordinary S (NASDAQ:MMYT) last traded at $30.10 with a low of $30.00 and high of $32.45. This move in share price makes the stock one of the day’s most volatile.
It is among the market’s biggest losers. Company shares are trading at $30.10 which is slightly below $32.26, the stock’s 50 day moving average and significantly below the 200 day moving average of $33.69. The 50 day moving average moved down $-2.16 and the 200 day average went down $-3.59 or -10.67%.
Short traders are more bullish of late at least if you consider the decrease in short interest. The stock recorded a fall in short interest from August 15, 2017 to August 31, 2017 of -5.84%. Short shares decreased 236,771 over that timeframe. Days to cover decreased 0.0 to 7.0 and the percentage of shorted shares is 0.04% as of August 31. In the latest earnings report the EPS was $-2.46 and is estimated to be $-2.20 for the current year with 97,426,000 shares now outstanding. Next quarter’s EPS is estimated at $-0.39 with next year’s EPS anticipated to be $-1.41.
MakeMyTrip Limited, launched on April 28, 2000, is an online travel company in India. The Business’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 Business’s segments 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-based platform. The Hotels and packages segment provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices. Its Other operations 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..