NextTrip (NTRP) Projected to Announce Earnings on Thursday

NextTrip (NASDAQ:NTRP) will likely be posting its results before the market opens on Thursday, October 15th. Analysts expect NextTrip to post earnings of ($0.14) per share and revenue of $1.79 million for the quarter.

NextTrip (NASDAQ:NTRP) last posted its quarterly earnings results on Wednesday, July 15th. The company reported ($0.22) EPS for the quarter, meeting analysts’ consensus estimates of ($0.22). NextTrip had a negative return on equity of 246.48% and a negative net margin of 289.92%. On average, analysts expect NextTrip to post ($0.98) EPS for the current fiscal year and ($1.00) EPS for the next fiscal year.

NextTrip Stock Down 2.7%

Shares of NextTrip stock opened at $1.83 on Wednesday. The stock’s 50-day simple moving average is $1.63 and its 200-day simple moving average is $2.11. NextTrip has a 52 week low of $0.90 and a 52 week high of $5.20. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.61 and a current ratio of 0.61.

Analysts Set New Price Targets

Several research firms recently issued reports on NTRP. Ascendiant Capital Markets increased their target price on NextTrip from $7.50 to $7.75 and gave the stock a “buy” rating in a research report on Monday, September 14th. Weiss Ratings reissued a “sell (e+)” rating on shares of NextTrip in a report on Tuesday, September 1st. One equities research 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 data from MarketBeat, NextTrip currently has an average rating of “Hold” and an average price target of $7.75.

Insider Buying and Selling at NextTrip

In related news, Director Andrew Kaplan bought 52,910 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was purchased at an average price of $1.89 per share, for a total transaction of $99,999.90. Following the completion of the transaction, the director owned 104,492 shares in the company, valued at $197,489.88. The trade was a 102.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 40.00% of the company’s stock.

NextTrip Company Profile

NextTrip, Inc is a travel technology company that provides online booking services for leisure and business travelers. Through its digital platform, the company helps customers search for and reserve accommodations, flights, rental cars, vacation packages and other travel-related services.

In addition to individual travel bookings, NextTrip offers services for group travel, meetings and events. Its business model combines direct-to-consumer offerings with relationships involving travel suppliers and distribution partners, allowing customers to organize multiple components of a trip through a single platform.

NextTrip primarily serves travelers in the United States through its online channels and the NextTrip brand.