NextTrip (NASDAQ:NTRP) Stock Passes Below 200-Day Moving Average – Here’s What Happened

NextTrip, Inc. (NASDAQ:NTRP) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.62 and traded as low as $1.6250. NextTrip shares last traded at $1.63, with a volume of 12,789 shares.

Wall Street Analysts Forecast Growth

NTRP has been the topic of a number of recent analyst reports. Weiss Ratings downgraded NextTrip from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 4th. Ascendiant Capital Markets boosted their price objective on NextTrip from $7.00 to $7.50 and gave the company a “buy” rating in a research report on Wednesday, June 10th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, NextTrip has an average rating of “Hold” and a consensus price target of $7.50.

NextTrip Price Performance

The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.02. The stock’s 50-day simple moving average is $2.07 and its two-hundred day simple moving average is $2.62. The company has a market capitalization of $24.32 million, a price-to-earnings ratio of -1.16 and a beta of 1.02.

NextTrip (NASDAQ:NTRP) last posted its quarterly earnings data on Wednesday, July 15th. The company reported ($0.22) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.22). NextTrip had a negative net margin of 289.92% and a negative return on equity of 246.48%. The business had revenue of $1.45 million for the quarter, compared to the consensus estimate of $1.38 million. Equities research analysts predict that NextTrip, Inc. will post -0.98 earnings per share for the current year.

Insider Activity

In related news, Director David T. Jiang purchased 18,200 shares of NextTrip stock in a transaction that occurred on Thursday, June 18th. The stock was purchased at an average price of $2.75 per share, for a total transaction of $50,050.00. Following the transaction, the director directly owned 1,582,157 shares in the company, valued at approximately $4,350,931.75. This trade represents a 1.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andrew Jay Kaplan purchased 18,182 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average cost of $2.75 per share, for a total transaction of $50,000.50. Following the completion of the purchase, the director directly owned 51,582 shares in the company, valued at $141,850.50. This represents a 54.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 44.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NextTrip

A hedge fund recently bought a new position in NextTrip stock. Armistice Capital LLC bought a new stake in NextTrip, Inc. (NASDAQ:NTRP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 reporting period. 3.81% of the stock is currently owned by institutional investors and hedge funds.

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.