Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Trip com Group Ltd (NASDAQ: TCOM) weakened during the last several trading days. TCOM’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 5/3/24, Trip com Group Ltd (NASDAQ: TCOM) stock enjoyed a large increase of 4.6%, closing at $53.30. Moreover, trading volume in this advance was above average at 135% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 5.7% during the last week.
Current PriceTarget Research Rating
TCOM is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Trip com Group has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Trip com Group has a slightly negative Appreciation Score of 39 but a good Power Rating of 83, resulting in the High Neutral Value Trend Rating.
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