NextTrip (NASDAQ:NTRP) Posts Quarterly Earnings Results, Misses Estimates By $0.21 EPS

NextTrip (NASDAQ:NTRP) announced its quarterly earnings data on Wednesday. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21), Zacks reports. NextTrip had a negative net margin of 1,323.22% and a negative return on equity of 298.91%.

NextTrip Trading Down 0.3%

NTRP traded down $0.01 during trading on Wednesday, reaching $3.25. 465,304 shares of the stock traded hands, compared to its average volume of 89,514. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.02. The stock’s 50-day moving average is $3.78 and its 200 day moving average is $3.77. NextTrip has a 12 month low of $1.50 and a 12 month high of $7.78. The stock has a market capitalization of $44.28 million, a PE ratio of -2.30 and a beta of 1.42.

Insider Buying and Selling

In other NextTrip news, Director Andrew Jay Kaplan purchased 33,400 shares of NextTrip stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average price of $3.00 per share, with a total value of $100,200.00. Following the transaction, the director owned 108,400 shares in the company, valued at $325,200. This trade represents a 44.53% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 44.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of NextTrip in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $5.00.

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.