In early session trading, shares of MakeMyTrip Limited (NASDAQ:MMYT) have slipped lower. Company stock has moved down -5.01% since the open, landing shares on today’s list of top losers. Investors will be watching to see if the stock can change direction heading into the second half of the session.MakeMyTrip Limited (NASDAQ:MMYT) is seeing declines so far in today’s trading session. Shares are moving -5.01% lower on solid volume. The stock has landed on the top loser list for the day according to Finviz data.
Stocks whose market prices drop the most during the trading day are bluntly referred to as losers. Stocks that lose the most value relative to their price at opening are called percentage losers, and the stocks that lose the greatest number of points are called net losers or, sometimes, dollar losers. To gain the mood of the market, each day the number of losers is compared to the number of stocks that have risen in value, or gainers. If there are more losers than gainers, the market can be considered to be in a slump. How did we get here? By looking into the stock’s recent history, we can find some indicators as to why the numbers dropped today.
MakeMyTrip Limited(NASDAQ:MMYT)‘s stock has performed at 43.92% year to date. Breaking that down further, it has performed 7.94% for the week, -14.91% for the month, -10.38% over the last quarter, 32.85% for the past half-year and 121.57% for this last year.
The simple moving average is the most common method used to calculate the moving average of prices. It takes the sum of all of the past closing prices over a specific time period and divides the result by the number of prices used in the calculation. Increasing the number of time periods in the calculation is an effective way to ascertain the strength of the long-term trend and/or the likelihood that it might reverse. Some argue that this type of average is not necessarily useful because each data point in the series has the exact same impact on the result no matter where it occurs in the sequence. MakeMyTrip Limited’s stock is -3.04% away from its 20-Day Simple Moving Average. Extending back, their stock is trading -13.71% from the 50-Day Simple Moving Average, looking even further back, they are trading 2.92% off of the 200-Day Simple Moving Average. In comparing the current level to recent highs and lows, the stock is -25.79% from the 50-Day High and 5.93% off the 50-day low. We should also note their 52-Week High and Low: the shares currently trade -25.79% away from their high and 121.69% from the low.
Considering the above information, analysts have given a consensus recommendation of 2.10. This is according to the brokerage firms polled by Thomson Reuters.