NextTrip (NTRP) Expected to Announce Quarterly Earnings on Thursday

NextTrip (NASDAQ:NTRP) will likely be releasing its results before the market opens on Thursday, June 4th. Analysts expect NextTrip to post earnings of ($0.12) per share and revenue of $0.1890 million for the quarter.

NextTrip Trading Down 2.6%

Shares of NTRP stock opened at $2.23 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $32.31 million, a price-to-earnings ratio of -1.56 and a beta of 1.09. The stock has a 50 day simple moving average of $2.74 and a 200-day simple moving average of $3.18. NextTrip has a 1-year low of $1.72 and a 1-year high of $5.20.

Insider Buying and Selling

In other news, Director Andrew Jay Kaplan acquired 18,182 shares of NextTrip stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average cost of $2.75 per share, with a total value of $50,000.50. Following the purchase, the director owned 51,582 shares in the company, valued at $141,850.50. This trade represents a 54.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 44.50% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in NextTrip stock. Armistice Capital LLC acquired a new stake in NextTrip, Inc. (NASDAQ:NTRP) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,000,000 shares of the company’s stock, valued at approximately $3,230,000. Armistice Capital LLC owned about 7.32% of NextTrip as of its most recent filing with the SEC. Institutional investors own 3.81% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NTRP. Zacks Research raised NextTrip to a “hold” rating in a research note on Tuesday, March 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of NextTrip in a research note on Friday, March 27th. Finally, Ascendiant Capital Markets started coverage on NextTrip in a research note on Monday, March 2nd. They issued a “buy” rating and a $7.00 price objective for the company. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $7.00.

NextTrip Company Profile

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.