Ascendiant Capital Markets Weighs in on NextTrip Q1 Earnings

NextTrip, Inc. (NASDAQ:NTRP) – Analysts at Ascendiant Capital Markets reduced their Q1 2027 EPS estimates for shares of NextTrip in a research note issued to investors on Tuesday, June 9th. Ascendiant Capital Markets analyst E. Woo now anticipates that the company will earn ($0.22) per share for the quarter, down from their prior forecast of ($0.11). Ascendiant Capital Markets has a “Buy” rating and a $7.50 price objective on the stock. The consensus estimate for NextTrip’s current full-year earnings is ($0.98) per share. Ascendiant Capital Markets also issued estimates for NextTrip’s Q2 2027 earnings at ($0.24) EPS, Q3 2027 earnings at ($0.22) EPS, Q4 2027 earnings at ($0.30) EPS and FY2027 earnings at ($0.98) EPS.

NTRP has been the subject of a number of other reports. Weiss Ratings cut shares of NextTrip from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 4th. Zacks Research raised shares of NextTrip to a “hold” rating in a research report on Tuesday, March 17th. One 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $7.50.

NextTrip Stock Performance

NASDAQ:NTRP opened at $2.16 on Monday. 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 moving average of $2.65 and a two-hundred day moving average of $3.03. The stock has a market cap of $31.30 million, a P/E ratio of -1.16 and a beta of 1.03. NextTrip has a 1-year low of $2.04 and a 1-year high of $5.20.

Hedge Funds Weigh In On NextTrip

An institutional investor recently raised its position in NextTrip stock. Geode Capital Management LLC lifted its stake in shares of NextTrip, Inc. (NASDAQ:NTRP) by 21.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,852 shares of the company’s stock after purchasing an additional 7,086 shares during the period. Geode Capital Management LLC owned about 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.

Insiders Place Their Bets

In related news, Director Andrew Jay Kaplan purchased 18,182 shares of NextTrip stock in a transaction dated Friday, May 8th. The shares were 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 approximately $141,850.50. This trade represents a 54.44% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 44.50% of the stock is currently owned by insiders.

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.