NextTrip (NASDAQ:NTRP – Get Free Report) released its quarterly earnings results on Friday. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.27), Zacks reports. NextTrip had a negative net margin of 698.51% and a negative return on equity of 230.71%.
NextTrip Stock Up 3.8%
Shares of NextTrip stock traded up $0.08 on Friday, hitting $2.21. 20,379 shares of the company traded hands, compared to its average volume of 66,330. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.02. NextTrip has a 12-month low of $1.72 and a 12-month high of $5.20. The company has a 50-day moving average price of $2.73 and a 200 day moving average price of $3.17. The company has a market cap of $32.02 million, a PE ratio of -1.55 and a beta of 1.09.
Insider Activity
In other NextTrip news, Director Andrew Jay Kaplan acquired 18,182 shares of NextTrip stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average price of $2.75 per share, with a total value of $50,000.50. Following the purchase, the director owned 51,582 shares in the company, valued at approximately $141,850.50. This trade represents a 54.44% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 44.50% of the company’s stock.
Institutional Inflows and Outflows
Analyst Ratings Changes
A number of research firms recently commented on NTRP. Weiss Ratings reiterated a “sell (d-)” rating on shares of NextTrip in a research note on Friday, March 27th. Ascendiant Capital Markets began coverage on shares of NextTrip in a research note on Monday, March 2nd. They set a “buy” rating and a $7.00 price objective on the stock. Finally, Zacks Research upgraded shares of NextTrip to a “hold” rating in a research report on Tuesday, March 17th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $7.00.
Check Out Our Latest Report on NTRP
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.
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