NextTrip (NASDAQ:NTRP) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

NextTrip, Inc. (NASDAQ:NTRP) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.77 and traded as low as $2.01. NextTrip shares last traded at $2.01, with a volume of 18,483 shares trading hands.

Wall Street Analysts Forecast Growth

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

NextTrip Price Performance

The firm has a market cap of $29.12 million, a PE ratio of -1.07 and a beta of 1.02. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a 50-day simple moving average of $2.23 and a 200 day simple moving average of $2.77.

Insider Activity

In other NextTrip news, Director David T. Jiang acquired 18,200 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were acquired 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. The trade was a 1.16% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Andrew Jay Kaplan acquired 18,182 shares of the business’s stock in a transaction on Friday, May 8th. The stock was acquired at an average price of $2.75 per share, for a total transaction of $50,000.50. Following the acquisition, the director owned 51,582 shares of the company’s stock, valued at approximately $141,850.50. This trade represents a 54.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 44.50% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in NextTrip stock. Armistice Capital LLC bought a new position in NextTrip, Inc. (NASDAQ:NTRP) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,000,000 shares of the company’s stock, valued at approximately $3,230,000. Armistice Capital LLC owned approximately 7.32% of NextTrip at the end of the most recent quarter. 3.81% of the stock is owned by institutional investors.

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.