NextTrip (NTRP) Projected to Announce Quarterly Earnings on Tuesday

NextTrip (NASDAQ:NTRP) is expected to be issuing its results before the market opens on Tuesday, July 14th. Analysts expect the company to post earnings of ($0.1550) per share and revenue of $1.2980 million for the quarter.

NextTrip Price Performance

Shares of NTRP opened at $2.05 on Tuesday. The firm has a market capitalization of $29.70 million, a PE ratio of -1.10 and a beta of 1.02. The company’s 50-day moving average is $2.30 and its 200-day moving average is $2.84. NextTrip has a fifty-two week low of $1.80 and a fifty-two week high of $5.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.81 and a quick ratio of 0.81.

Insider Buying and Selling

In other NextTrip news, Director David T. Jiang bought 18,200 shares of the stock in a transaction dated Thursday, June 18th. The shares were bought at an average cost of $2.75 per share, with a total value of $50,050.00. Following the completion of the acquisition, the director owned 1,582,157 shares of the company’s stock, valued at $4,350,931.75. This trade represents a 1.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Andrew Jay Kaplan purchased 18,182 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was acquired at an average price of $2.75 per share, with a total value of $50,000.50. Following the completion of the transaction, the director owned 51,582 shares of the company’s stock, valued at $141,850.50. This represents a 54.44% increase in their position. The disclosure for this purchase is available in the SEC filing. 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 purchased a new stake in NextTrip, Inc. (NASDAQ:NTRP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 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 Securities and Exchange Commission. 3.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.