Stock Rating Upgrade
The Value Trend Rating for Trip com Group Ltd (NASDAQ: TCOM) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Trip com Group Ltd (NASDAQ: TCOM) stock closed at $48.74 on 5/1/24 after a modest gain of 1.0%. However, exceptionally low trading volume at 41% of normal accompanied the advance. The stock has declined -3.4% during the last week but has been exceptionally strong relative to the market over the last nine months.
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 B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Trip com Group has a neutral Appreciation Score of 43 but a good Power Rating of 82, producing the Positive Value Trend Rating.
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