NextTrip (NASDAQ:NTRP) Director Acquires $50,050.00 in Stock

NextTrip, Inc. (NASDAQ:NTRP) Director David Jiang bought 18,200 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was bought at an average price of $2.75 per share, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NextTrip Stock Down 1.0%

Shares of NASDAQ NTRP opened at $1.98 on Thursday. The company has a market capitalization of $28.69 million, a P/E ratio of -1.06 and a beta of 1.03. 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 company has a 50 day simple moving average of $2.43 and a 200-day simple moving average of $2.93. NextTrip, Inc. has a 1 year low of $1.80 and a 1 year high of $5.20.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in NextTrip stock. Armistice Capital LLC purchased a new stake in NextTrip, Inc. (NASDAQ:NTRP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,000,000 shares of the company’s stock, valued at approximately $3,230,000. Armistice Capital LLC owned approximately 7.32% of NextTrip at the end of the most recent reporting period. Institutional investors and hedge funds own 3.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NTRP shares. Ascendiant Capital Markets lifted their target price on NextTrip from $7.00 to $7.50 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Weiss Ratings downgraded NextTrip from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 4th. Finally, Zacks Research raised NextTrip to a “hold” rating in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $7.50.

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.