NextTrip (NASDAQ:NTRP – Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.11), FiscalAI reports. The business had revenue of $0.55 million during the quarter, compared to analysts’ expectations of $1.79 million. NextTrip had a negative return on equity of 264.73% and a negative net margin of 319.76%.
NextTrip Price Performance
NTRP traded down $0.31 during trading on Friday, reaching $1.36. 121,907 shares of the company traded hands, compared to its average volume of 101,074. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.61 and a current ratio of 0.61. NextTrip has a 12-month low of $0.90 and a 12-month high of $5.20. The firm has a fifty day simple moving average of $1.63 and a 200 day simple moving average of $2.10. The company has a market cap of $20.52 million, a P/E ratio of -1.07 and a beta of 0.97.
Analysts Set New Price Targets
Several equities analysts have recently commented on the company. Weiss Ratings restated a “sell (e+)” rating on shares of NextTrip in a research report on Tuesday, September 1st. Ascendiant Capital Markets upped their price objective on NextTrip from $7.50 to $7.75 and gave the stock a “buy” rating in a research note on Monday, September 14th. 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.75.
Get Our Latest Research Report on NextTrip
Insider Activity
In related news, Director Andrew Kaplan acquired 52,910 shares of NextTrip stock in a transaction dated Thursday, September 17th. The shares were 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 directly owned 104,492 shares in the company, valued at approximately $197,489.88. This represents a 102.57% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 40.00% of the stock is currently owned by insiders.
About NextTrip
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.
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