NextTrip (NASDAQ:NTRP) Shares Cross Below 50-Day Moving Average – What’s Next?

NextTrip, Inc. (NASDAQ:NTRP)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $3.07 and traded as low as $2.59. NextTrip shares last traded at $2.65, with a volume of 91,547 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of NextTrip in a research report on Monday, December 29th. Ascendiant Capital Markets began coverage on NextTrip in a research report on Monday, March 2nd. They set a “buy” rating and a $7.00 target price on the stock. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $7.00.

NextTrip Stock Down 6.4%

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 company has a market capitalization of $36.23 million, a PE ratio of -1.85 and a beta of 1.45. The firm’s 50-day simple moving average is $3.07 and its 200 day simple moving average is $3.52.

NextTrip (NASDAQ:NTRP) last announced 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). NextTrip had a negative net margin of 698.51% and a negative return on equity of 230.71%. As a group, equities research analysts forecast that NextTrip, Inc. will post -0.78 earnings per share for the current year.

Institutional Investors Weigh In On NextTrip

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in shares of NextTrip by 21.6% in the 4th quarter. Geode Capital Management LLC now owns 39,852 shares of the company’s stock worth $129,000 after acquiring an additional 7,086 shares during the period. Kera Capital Partners Inc. acquired a new position in NextTrip during the third quarter worth $33,000. Finally, Armistice Capital LLC acquired a new position in NextTrip during the fourth quarter worth $3,230,000. 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.