NextTrip, Inc. (NASDAQ:NTRP) Short Interest Update

NextTrip, Inc. (NASDAQ:NTRP) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 89,168 shares, a drop of 37.6% from the December 15th total of 142,808 shares. Based on an average daily volume of 65,775 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.2% of the company’s shares are sold short. Approximately 1.2% of the company’s shares are sold short. Based on an average daily volume of 65,775 shares, the days-to-cover ratio is presently 1.4 days.

Insider Activity

In other news, Director Andrew Jay Kaplan purchased 33,400 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were acquired at an average price of $3.00 per share, with a total value of $100,200.00. Following the completion of the transaction, the director owned 108,400 shares of the company’s stock, valued at $325,200. The trade was a 44.53% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 44.50% of the company’s stock.

Institutional Investors Weigh In On NextTrip

A hedge fund recently bought a new stake in NextTrip stock. Kera Capital Partners Inc. purchased a new stake in shares of NextTrip, Inc. (NASDAQ:NTRP) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 10,000 shares of the company’s stock, valued at approximately $33,000. Kera Capital Partners Inc. owned approximately 0.12% of NextTrip at the end of the most recent reporting period. 3.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of NextTrip in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, NextTrip currently has an average rating of “Reduce” and a consensus target price of $5.00.

NextTrip Stock Performance

NTRP stock traded up $0.43 during midday trading on Friday, hitting $3.30. The company’s stock had a trading volume of 120,979 shares, compared to its average volume of 76,354. NextTrip has a 1 year low of $1.50 and a 1 year high of $7.78. The stock has a market cap of $44.96 million, a price-to-earnings ratio of -2.34 and a beta of 1.42. The stock’s 50-day moving average price is $3.71 and its 200 day moving average price is $3.76. The company has a quick ratio of 0.70, a current ratio of 0.85 and a debt-to-equity ratio of 0.02.

NextTrip (NASDAQ:NTRP) last released its earnings results on Wednesday, January 14th. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). The business had revenue of $1.20 million for the quarter, compared to the consensus estimate of $2.52 million. NextTrip had a negative return on equity of 230.71% and a negative net margin of 698.51%. On average, equities analysts forecast that NextTrip will post -0.78 EPS for the current year.

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.