Shares of NextTrip, Inc. (NASDAQ:NTRP – Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.77 and traded as low as $2.01. NextTrip shares last traded at $2.01, with a volume of 18,483 shares.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. Weiss Ratings downgraded NextTrip from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 4th. Ascendiant Capital Markets upped their price target on shares of NextTrip from $7.00 to $7.50 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $7.50.
Get Our Latest Research Report on NTRP
NextTrip Stock Down 18.6%
NextTrip (NASDAQ:NTRP – Get Free Report) last released its quarterly earnings data on Wednesday, July 15th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The business had revenue of $1.45 million during the quarter, compared to analysts’ expectations of $1.30 million. NextTrip had a negative return on equity of 249.26% and a negative net margin of 428.20%. On average, equities analysts forecast that NextTrip, Inc. will post -0.98 EPS for the current year.
Insider Activity at NextTrip
In related news, Director Andrew Jay Kaplan acquired 18,182 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average cost of $2.75 per share, for a total transaction of $50,000.50. Following the transaction, the director directly owned 51,582 shares of the company’s stock, valued at approximately $141,850.50. This trade represents a 54.44% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David T. Jiang bought 18,200 shares of NextTrip stock in a transaction that occurred on Thursday, June 18th. The stock was bought at an average cost of $2.75 per share, for a total transaction of $50,050.00. Following the purchase, the director owned 1,582,157 shares in the company, valued at $4,350,931.75. This represents a 1.16% 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.
Institutional Trading of NextTrip
An institutional investor recently raised its position in NextTrip stock. Geode Capital Management LLC increased its stake in shares of NextTrip, Inc. (NASDAQ:NTRP – Free Report) by 21.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,852 shares of the company’s stock after purchasing 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 filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 3.81% of the company’s stock.
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.
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