Exploring NASDAQ:MMYT's high growth characteristics.

MAKEMYTRIP LTD (NASDAQ:MMYT) was identified as a Technical Breakout Setup Pattern by our stockscreener. Such a pattern occurs when we see a pause in a strong uptrend: after a strong rise the stock is consolidating a bit and at some point the trend may be continued. Whether this actually happens can not be predicted of course, but it may be a good idea to keep and eye on NASDAQ:MMYT.

Technical analysis of NASDAQ:MMYT

At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.

We assign a technical rating of 10 out of 10 to MMYT. Both in the recent history as in the last year, MMYT has proven to be a steady performer, scoring decent points in every aspect analyzed.

• The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
• When comparing the yearly performance of all stocks, we notice that MMYT is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by MMYT over the past year are nicely spread over this period.
• MMYT is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 96% of 134 stocks in the same industry.
• MMYT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MMYT is lagging the market slightly.
• In the last month MMYT has a been trading in the 91.70 - 106.84 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

Our latest full technical report of MMYT contains the most current technical analsysis.

How does the Setup look for NASDAQ:MMYT

Alongside the Technical Rating, ChartMill assigns a Setup Rating to evaluate the consolidation level of a stock. This rating, ranging from 0 to 10, is updated daily and considers various short-term technical indicators. The current setup rating for NASDAQ:MMYT is 8:

MMYT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.

Looking into the high growth metrics of MAKEMYTRIP LTD

• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), MAKEMYTRIP LTD highlights its ability to generate increasing profitability, showcasing a 44.0% growth.
• MAKEMYTRIP LTD has achieved significant quarter-to-quarter (Q2Q) revenue growth of 25.08%, signaling its ability to capture market opportunities and drive top-line expansion. This growth underscores the company's effective execution and its potential for continued success.
• With notable 1-year revenue growth of 28.96%, MAKEMYTRIP LTD exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for future growth.
• In the most recent financial report, MAKEMYTRIP LTD reported a 44.0% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• With a favorable trend in its operating margin over the past year, MAKEMYTRIP LTD demonstrates its ability to enhance profitability through efficient operations. This growth reflects the company's focus on optimizing its cost structure.
• With a favorable trend in its free cash flow (FCF) over the past year, MAKEMYTRIP LTD demonstrates its ability to generate robust cash flows and maintain financial stability. This growth reflects the company's focus on efficient capital allocation and cash management.
• The Return on Equity (ROE) of MAKEMYTRIP LTD stands at 20.17%, reflecting the company's strong profitability and effective utilization of shareholder equity. This metric signifies the company's ability to generate returns for its investors.
• With a current Debt-to-Equity ratio at 0.19, MAKEMYTRIP LTD showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
• With institutional shareholders at 49.42%, MAKEMYTRIP LTD demonstrates a healthy ownership distribution. This reflects a mix of institutional and individual investors, creating a market environment that may foster increased trading activity and price discovery.
• MAKEMYTRIP LTD has a strong history of beating EPS estimates in the last 4 quarters, signaling its ability to consistently exceed market expectations. This indicates the company's strong financial performance and its potential for creating shareholder value.
• MAKEMYTRIP LTD has achieved an impressive Relative Strength (RS) rating of 96.94, showcasing its ability to outperform the broader market. This strong performance positions MAKEMYTRIP LTD as an attractive stock for potential price appreciation.

More ideas for high growth momentum breakouts can be found on ChartMill in our High Growth Momentum Breakout screen.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.