NextTrip (NASDAQ:NTRP) Price Target Raised to $7.75

NextTrip (NASDAQ:NTRP – Free Report) had its price target increased by Ascendiant Capital Markets from $7.50 to $7.75 in a research report sent to investors on Monday,Benzinga reports. Ascendiant Capital Markets currently has a buy rating on the stock.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of NextTrip in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, NextTrip currently has a consensus rating of “Hold” and an average target price of $7.75.

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NextTrip Stock Down 1.1%

Shares of NASDAQ NTRP opened at $1.78 on Monday. The firm’s 50-day simple moving average is $1.61 and its 200 day simple moving average is $2.24. The company has a market cap of $26.86 million, a price-to-earnings ratio of -1.26 and a beta of 1.03. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.02. NextTrip has a 12-month low of $0.90 and a 12-month high of $5.20.

NextTrip (NASDAQ:NTRP – Get Free Report) last posted its quarterly earnings data on Wednesday, July 15th. The company reported ($0.22) earnings per share 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%. On average, research analysts expect that NextTrip will post -0.98 earnings per share for the current fiscal year.

NextTrip Company Profile

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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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