Somewhat Positive News Coverage Somewhat Unlikely to Affect MakeMyTrip Limited (MMYT) Stock Price

News articles about MakeMyTrip Limited (NASDAQ:MMYT) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MakeMyTrip Limited earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.9067344471647 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news headlines that may have effected Accern Sentiment’s scoring:

MakeMyTrip Limited (NASDAQ MMYT) traded up 2.51% during midday trading on Friday, hitting $23.45. 806,870 shares of the company traded hands. The stock’s market cap is $1.24 billion. The stock has a 50 day moving average of $28.46 and a 200 day moving average of $32.26. MakeMyTrip Limited has a 12-month low of $22.05 and a 12-month high of $40.90.

MakeMyTrip Limited (NASDAQ:MMYT) last released its earnings results on Wednesday, August 9th. The technology company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.14). The firm had revenue of $141.21 million for the quarter, compared to analyst estimates of $110.67 million. MakeMyTrip Limited had a negative return on equity of 16.91% and a negative net margin of 31.64%. MakeMyTrip Limited’s revenue was up 139.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.73) earnings per share. Equities research analysts predict that MakeMyTrip Limited will post ($2.14) EPS for the current fiscal year.

MMYT has been the topic of a number of recent analyst reports. UBS AG cut shares of MakeMyTrip Limited from a “buy” rating to a “sell” rating and set a $30.00 price target on the stock. in a research note on Wednesday, September 20th. ValuEngine lowered shares of MakeMyTrip Limited from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Zacks Investment Research lowered shares of MakeMyTrip Limited from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $31.50 price objective on shares of MakeMyTrip Limited in a research report on Friday, October 13th. Finally, TheStreet upgraded shares of MakeMyTrip Limited from a “d” rating to a “c-” rating in a research report on Tuesday, July 25th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. MakeMyTrip Limited currently has a consensus rating of “Hold” and a consensus target price of $29.80.

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MakeMyTrip Limited Company Profile

MakeMyTrip Limited is an online travel company in India. The Company’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. Its segments include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet-based platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices, and Others, which 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.

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