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

NextTrip, Inc. (NASDAQ:NTRP) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.44 and traded as low as $1.29. NextTrip shares last traded at $1.3350, with a volume of 55,520 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have commented on NTRP. Ascendiant Capital Markets upped their price target 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. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.50.

NextTrip Price Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.61 and a quick ratio of 0.61. The business’s fifty day moving average price is $1.83 and its 200-day moving average price is $2.44. The stock has a market capitalization of $20.15 million, a price-to-earnings ratio of -0.95 and a beta of 1.05.

NextTrip (NASDAQ:NTRP) last posted its earnings results on Wednesday, July 15th. The company reported ($0.22) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.22). NextTrip had a negative net margin of 289.92% and a negative return on equity of 246.48%. On average, research analysts forecast that NextTrip, Inc. will post -0.98 EPS for the current year.

Insider Activity at NextTrip

In related news, Director David T. Jiang acquired 18,200 shares of the stock in a transaction dated Thursday, June 18th. The stock was purchased at an average cost of $2.75 per share, with a total value of $50,050.00. Following the completion of the purchase, the director directly owned 1,582,157 shares in the company, valued at $4,350,931.75. This trade represents a 1.16% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 44.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NextTrip stock. Geode Capital Management LLC boosted its stake in NextTrip, Inc. (NASDAQ:NTRP) by 21.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,852 shares of the company’s stock after buying an additional 7,086 shares during the quarter. Geode Capital Management LLC owned approximately 0.29% of NextTrip worth $129,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 3.81% of the company’s stock.

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.