NextTrip (NASDAQ:NTRP) Coverage Initiated at Ascendiant Capital Markets

Equities researchers at Ascendiant Capital Markets began coverage on shares of NextTrip (NASDAQ:NTRP) in a research note issued to investors on Monday, MarketBeat reports. The firm set a “buy” rating and a $7.00 price target on the stock. Ascendiant Capital Markets’ target price suggests a potential upside of 134.90% from the company’s previous close.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of NextTrip in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.00.

NextTrip Stock Up 2.4%

Shares of NASDAQ:NTRP opened at $2.98 on Monday. The stock has a 50-day simple moving average of $3.20 and a 200-day simple moving average of $3.58. The stock has a market capitalization of $40.74 million, a P/E ratio of -2.08 and a beta of 1.45. NextTrip has a 1 year low of $1.50 and a 1 year high of $6.48. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 0.85.

NextTrip (NASDAQ:NTRP) last posted its quarterly earnings results on Wednesday, January 14th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.21). NextTrip had a negative net margin of 698.51% and a negative return on equity of 230.71%. Equities analysts forecast that NextTrip will post -0.78 earnings per share for the current year.

Institutional Investors Weigh In On NextTrip

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Armistice Capital LLC acquired a new position in NextTrip in the 4th quarter worth $3,230,000. Kera Capital Partners Inc. acquired a new stake in shares of NextTrip during the third quarter valued at about $33,000. Finally, Geode Capital Management LLC increased its position in shares of NextTrip by 21.6% during the fourth quarter. Geode Capital Management LLC now owns 39,852 shares of the company’s stock worth $129,000 after acquiring an additional 7,086 shares during the last quarter. Hedge funds and other institutional investors own 3.81% of the company’s stock.

About NextTrip

NextTrip, Inc, through its subsidiaries, engages in the provision of travel technology solutions in the United States. The company offers NXT2.0, a booking engine technology platform, which provides travel distributors access to an inventory. It is also involved in the provision of online leisure travel agency services for booking hotels, flights, and curated vacations. The company was formerly known as Sigma Additive Solutions, Inc and changed its name to NextTrip, Inc in March 2024. NextTrip, Inc is based in Sunrise, Florida.