MakeMyTrip Ltd (NASDAQ: MMYT) stock closed at $94.51 on 9/26/24 after a major decline of -11.5%. Moreover, trading volume in this decline was exceptionally high at 320% of normal. The stock has declined -10.6% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, MMYT is expected to continue to be an important Value Builder.
MakeMyTrip 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 very contradictory signals. MakeMyTrip has a poor Appreciation Score of 19 but a very high Power Rating of 99, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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