MakeMyTrip Ltd (NASDAQ: MMYT) has reported earnings for its second fiscal quarter (ending September 30) of $0.16 versus $0.02 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $2.11 versus $0.24 for the same period a year ago.
Recent Price Action
MakeMyTrip Ltd (NASDAQ: MMYT) stock closed at $99.14 on 10/23/24 after a decline of -3.7%. Moreover, above average trading volume at 126% of normal accompanied the decline. The stock has declined -5.3% 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 21 but a very high Power Rating of 99, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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