NextTrip (NASDAQ:NTRP) Issues Quarterly Earnings Results

NextTrip (NASDAQ:NTRP) issued its earnings results on Wednesday. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06), Zacks reports. NextTrip had a negative net margin of 428.20% and a negative return on equity of 249.26%.

NextTrip Stock Performance

NTRP stock traded up $0.03 on Wednesday, hitting $2.04. The company had a trading volume of 5,739,724 shares, compared to its average volume of 89,844. NextTrip has a 12-month low of $1.80 and a 12-month high of $5.20. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.02. The stock’s 50-day simple moving average is $2.23 and its 200 day simple moving average is $2.77. The stock has a market cap of $29.56 million, a price-to-earnings ratio of -1.09 and a beta of 1.02.

Analyst Ratings Changes

NTRP has been the topic of a number of research analyst reports. Weiss Ratings downgraded NextTrip from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 4th. Ascendiant Capital Markets lifted their price objective on NextTrip from $7.00 to $7.50 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Finally, Zacks Research upgraded NextTrip to a “hold” rating in a report on Tuesday, March 17th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, NextTrip has an average rating of “Hold” and an average price target of $7.50.

Insider Buying and Selling

In related news, Director Andrew Jay Kaplan bought 18,182 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was acquired at an average cost of $2.75 per share, for a total transaction of $50,000.50. Following the purchase, the director owned 51,582 shares in the company, valued at approximately $141,850.50. This represents a 54.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David T. Jiang purchased 18,200 shares of the 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 completion of the acquisition, the director directly owned 1,582,157 shares in the company, valued at approximately $4,350,931.75. This trade represents a 1.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 44.50% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its position in NextTrip stock. Geode Capital Management LLC raised its position in shares of NextTrip, Inc. (NASDAQ:NTRP) by 21.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,852 shares of the company’s stock after purchasing an additional 7,086 shares during the quarter. Geode Capital Management LLC owned 0.29% of NextTrip worth $129,000 as of its most recent SEC filing. 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.