NextTrip (NASDAQ:NTRP – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported ($0.22) EPS for the quarter, hitting the consensus estimate of ($0.22), Zacks reports. The business had revenue of $1.45 million during the quarter, compared to analyst estimates of $1.38 million. NextTrip had a negative net margin of 289.92% and a negative return on equity of 235.12%.
NextTrip Stock Performance
Shares of NASDAQ NTRP opened at $1.66 on Friday. NextTrip has a 1 year low of $1.61 and a 1 year high of $5.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $24.05 million, a PE ratio of -1.18 and a beta of 1.02. The firm has a fifty day moving average price of $2.20 and a 200-day moving average price of $2.74.
Analyst Ratings Changes
A number of research firms have recently weighed in on NTRP. Weiss Ratings downgraded shares of NextTrip from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 4th. Ascendiant Capital Markets boosted their price target on 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 given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.50.
Insider Buying and Selling
In other NextTrip news, Director David T. Jiang bought 18,200 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were purchased at an average cost of $2.75 per share, for a total transaction of $50,050.00. Following the transaction, the director owned 1,582,157 shares of the company’s stock, valued at $4,350,931.75. This represents a 1.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew Jay Kaplan purchased 18,182 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average cost of $2.75 per share, with a total value of $50,000.50. Following the acquisition, the director owned 51,582 shares in the company, valued at $141,850.50. The trade was a 54.44% increase in their position. The disclosure for this purchase is available in the SEC filing. 44.50% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
An institutional investor recently raised its position in NextTrip stock. Geode Capital Management LLC raised its stake in shares of NextTrip, Inc. (NASDAQ:NTRP – Free Report) by 21.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,852 shares of the company’s stock after purchasing an additional 7,086 shares during the period. Geode Capital Management LLC owned 0.29% of NextTrip worth $129,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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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