NextTrip (NASDAQ:NTRP) Director David Jiang Buys 18,200 Shares of Stock

NextTrip, Inc. (NASDAQ:NTRP) Director David Jiang bought 18,200 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was purchased at an average price of $2.75 per share, with a total value of $50,050.00. Following the completion of the purchase, the director directly owned 1,582,157 shares of the company’s stock, valued at approximately $4,350,931.75. This trade represents a 1.16% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NextTrip Price Performance

NTRP opened at $2.05 on Tuesday. NextTrip, Inc. has a twelve month low of $1.80 and a twelve month high of $5.20. The firm has a market cap of $29.70 million, a price-to-earnings ratio of -1.10 and a beta of 1.03. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.02. The company has a fifty day simple moving average of $2.47 and a 200 day simple moving average of $2.96.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NTRP shares. Ascendiant Capital Markets increased their price target on NextTrip from $7.00 to $7.50 and gave the company a “buy” rating in a report on Wednesday, June 10th. Weiss Ratings downgraded NextTrip from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 4th. Finally, Zacks Research raised NextTrip to a “hold” rating in a research report on Tuesday, March 17th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $7.50.

Institutional Investors Weigh In On NextTrip

A hedge fund recently raised its stake in NextTrip stock. Geode Capital Management LLC lifted its position in shares of NextTrip, Inc. (NASDAQ:NTRP) by 21.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 39,852 shares of the company’s stock after acquiring an additional 7,086 shares during the period. Geode Capital Management LLC owned 0.29% of NextTrip worth $129,000 as of its most recent filing with the SEC. 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.