NextTrip (NASDAQ:NTRP) Shares Cross Below 200-Day Moving Average – What’s Next?

NextTrip, Inc. (NASDAQ:NTRP)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.70 and traded as low as $1.85. NextTrip shares last traded at $1.92, with a volume of 169,337 shares traded.

Analysts Set New Price Targets

NTRP has been the topic of several research analyst reports. Ascendiant Capital Markets boosted their target price on NextTrip from $7.00 to $7.50 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Weiss Ratings cut 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 issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, NextTrip currently has a consensus rating of “Hold” and an average price target of $7.50.

NextTrip Price Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a fifty day simple moving average of $2.15 and a 200-day simple moving average of $2.70. The company has a market capitalization of $28.65 million, a price-to-earnings ratio of -1.36 and a beta of 1.02.

NextTrip (NASDAQ:NTRP) last issued its quarterly earnings data on Wednesday, July 15th. The company reported ($0.22) EPS for the quarter, hitting analysts’ consensus estimates of ($0.22). The business had revenue of $1.45 million for the quarter, compared to analysts’ expectations of $1.38 million. NextTrip had a negative net margin of 289.92% and a negative return on equity of 246.48%. On average, equities research analysts anticipate that NextTrip, Inc. will post -0.98 EPS for the current year.

Insiders Place Their Bets

In other news, Director Andrew Jay Kaplan acquired 18,182 shares of the business’s stock in a transaction on Friday, May 8th. The stock was bought at an average price of $2.75 per share, with a total value of $50,000.50. Following the completion of the acquisition, the director owned 51,582 shares of the company’s stock, valued at approximately $141,850.50. This represents a 54.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David T. Jiang acquired 18,200 shares of the firm’s stock in a transaction on 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 transaction, the director 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 SEC filing for this purchase provides additional information. Corporate insiders own 44.50% of the company’s stock.

Institutional Investors Weigh In On NextTrip

An institutional investor recently raised its position in NextTrip stock. Geode Capital Management LLC increased its holdings in NextTrip, Inc. (NASDAQ:NTRP) by 21.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,852 shares of the company’s stock after purchasing an additional 7,086 shares during the quarter. Geode Capital Management LLC owned 0.29% of NextTrip worth $129,000 at the end of the most recent reporting period. 3.81% of the stock is currently owned by hedge funds and other institutional investors.

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.