NextTrip (NASDAQ:NTRP) Share Price Crosses Below 50 Day Moving Average – Here’s Why

NextTrip, Inc. (NASDAQ:NTRP)’s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.14 and traded as low as $2.90. NextTrip shares last traded at $3.00, with a volume of 56,882 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Ascendiant Capital Markets assumed coverage on NextTrip in a report on Monday, March 2nd. They set a “buy” rating and a $7.00 price objective for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of NextTrip in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, NextTrip presently has a consensus rating of “Hold” and a consensus target price of $7.00.

NextTrip Stock Up 4.9%

The stock has a 50-day simple moving average of $3.14 and a two-hundred day simple moving average of $3.55. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.02. The firm has a market cap of $41.00 million, a PE ratio of -2.10 and a beta of 1.45.

NextTrip (NASDAQ:NTRP) last issued its quarterly earnings results on Wednesday, January 14th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21). NextTrip had a negative return on equity of 230.71% and a negative net margin of 698.51%. Analysts expect that NextTrip, Inc. will post -0.78 earnings per share for the current year.

Institutional Trading of NextTrip

Several hedge funds and other institutional investors have recently bought and sold shares of NTRP. Armistice Capital LLC purchased a new position in shares of NextTrip during the fourth quarter worth approximately $3,230,000. Geode Capital Management LLC lifted its holdings in shares of NextTrip by 21.6% in the 4th quarter. Geode Capital Management LLC now owns 39,852 shares of the company’s stock worth $129,000 after acquiring an additional 7,086 shares during the last quarter. Finally, Kera Capital Partners Inc. purchased a new stake in shares of NextTrip in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 3.81% of the company’s stock.

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.