Extremely important negative changes in investment behavior have recently occurred for MakeMyTrip Ltd (NASDAQ: MMYT): the stock’s recent price decline challenged its longer term uptrend, and the stock fell on very heavy volume.
MakeMyTrip Ltd (NASDAQ: MMYT). Meaningful negative changes in fundamentals have recently occurred: the consensus estimate for March, 2024 decreased significantly, and the consensus estimate for March, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
MakeMyTrip has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. MakeMyTrip has a poor Appreciation Score of 19 but a good Power Rating of 83, and the Neutral Value Trend Rating results.
Recent Price Action
MakeMyTrip Ltd (NASDAQ: MMYT) stock suffered a large decline of -7.3% on 2/25/25. The stock closed at $92.80. Moreover, exceptionally high trading volume at 206% of normal accompanied the decline. The stock has declined -10.4% during the last week but has been exceptionally strong relative to the market over the last nine months.
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