Skip to main content

Trade-Ideas LLC identified

MakeMyTrip

(

MMYT

) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified MakeMyTrip as such a stock due to the following factors:

  • MMYT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $2.7 million.
  • MMYT has traded 66,923 shares today.
  • MMYT is trading at 7.73 times the normal volume for the stock at this time of day.
  • MMYT is trading at a new high 34.84% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in MMYT with the Ticky from Trade-Ideas. See the FREE profile for MMYT NOW at Trade-Ideas

More details on MMYT:

TheStreet Recommends

MakeMyTrip Limited, an online travel company, provides travel products and solutions in India and internationally. The company operates in two segments, Air Ticketing, and Hotels and Packages. Currently there are 4 analysts that rate MakeMyTrip a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for MakeMyTrip has been 162,900 shares per day over the past 30 days. MakeMyTrip has a market cap of $702.9 million and is part of the services sector and leisure industry. The stock has a beta of 0.49 and a short float of 8% with 14.07 days to cover. Shares are down 3.9% year-to-date as of the close of trading on Tuesday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates MakeMyTrip as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

Highlights from the ratings report include:

  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Internet & Catalog Retail industry. The net income has significantly decreased by 157.5% when compared to the same quarter one year ago, falling from -$4.75 million to -$12.22 million.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Internet & Catalog Retail industry and the overall market, MAKEMYTRIP LTD's return on equity significantly trails that of both the industry average and the S&P 500.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 34.06%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 163.63% compared to the year-earlier quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • MAKEMYTRIP LTD has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, MAKEMYTRIP LTD continued to lose money by earning -$0.43 versus -$0.55 in the prior year. For the next year, the market is expecting a contraction of 5.6% in earnings (-$0.45 versus -$0.43).
  • The revenue growth significantly trails the industry average of 38.3%. Since the same quarter one year prior, revenues slightly increased by 3.2%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.