NextTrip (NASDAQ:NTRP) Share Price Passes Below 50-Day Moving Average – Should You Sell?

NextTrip, Inc. (NASDAQ:NTRP)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $3.58 and traded as low as $3.15. NextTrip shares last traded at $3.26, with a volume of 15,353 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, NextTrip currently has a consensus rating of “Reduce” and a consensus price target of $5.00.

NextTrip Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 0.85. The stock’s 50-day moving average is $3.58 and its two-hundred day moving average is $3.74. The stock has a market cap of $44.56 million, a PE ratio of -2.28 and a beta of 1.42.

NextTrip (NASDAQ:NTRP) last issued its quarterly earnings results on Wednesday, January 14th. The company reported ($0.37) earnings per share (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 analysts’ expectations 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 predict that NextTrip, Inc. will post -0.78 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Andrew Jay Kaplan acquired 33,400 shares of NextTrip stock in a transaction dated Tuesday, November 4th. The stock was acquired at an average price of $3.00 per share, for a total transaction of $100,200.00. Following the transaction, the director owned 108,400 shares of the company’s stock, valued at $325,200. This represents a 44.53% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 44.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NextTrip

A hedge fund recently bought a new stake in NextTrip stock. Kera Capital Partners Inc. bought a new position in shares of NextTrip, Inc. (NASDAQ:NTRP) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 10,000 shares of the company’s stock, valued at approximately $33,000. Kera Capital Partners Inc. owned 0.12% of NextTrip at the end of the most recent quarter. 3.81% of the stock is currently owned by institutional investors and hedge funds.

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.