NextTrip (NASDAQ:NTRP) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

NextTrip, Inc. (NASDAQ:NTRP)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.29 and traded as low as $2.35. NextTrip shares last traded at $2.41, with a volume of 18,616 shares trading hands.

Analyst Upgrades and Downgrades

NTRP has been the topic of a number of recent analyst reports. Ascendiant Capital Markets initiated 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. Zacks Research upgraded NextTrip to a “hold” rating in a report on Tuesday, March 17th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of NextTrip in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $7.00.

NextTrip Trading Down 3.0%

The company’s fifty day moving average is $2.81 and its two-hundred day moving average is $3.26. The stock has a market cap of $31.44 million, a price-to-earnings ratio of -1.61 and a beta of 1.09. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.02.

Insiders Place Their Bets

In other news, Director Andrew Jay Kaplan bought 18,182 shares of NextTrip stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average price of $2.75 per share, with a total value of $50,000.50. Following the completion of the acquisition, the director directly owned 51,582 shares in the company, valued at $141,850.50. The trade was a 54.44% 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 company insiders.

Institutional Trading of NextTrip

A hedge fund recently bought a new stake in NextTrip stock. Armistice Capital LLC bought a new stake in NextTrip, Inc. (NASDAQ:NTRP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 quarter. 3.81% of the stock is 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.