MakeMyTrip Ltd (NASDAQ: MMYT) stock suffered a major decline of -11.5% on 4/8/24. The shares closed at $67.24. Moreover, trading volume in this decline was exceptionally high at 244% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -5.4% during the last week.
Current PriceTarget Research Rating
With future capital returns 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 (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. MakeMyTrip has a very low Appreciation Score of 13 but a very high Power Rating of 96, producing the Neutral Value Trend Rating.
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.
Be the first to comment