NextTrip (NASDAQ:NTRP) Given New $7.75 Price Target at Ascendiant Capital Markets

NextTrip (NASDAQ:NTRP) had its target price increased by stock analysts at Ascendiant Capital Markets from $7.50 to $7.75 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Ascendiant Capital Markets’ price objective would indicate a potential upside of 445.77% from the stock’s current price.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of NextTrip in a report on Tuesday, September 1st. One 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, the company currently has a consensus rating of “Hold” and a consensus target price of $7.75.

NextTrip Price Performance

Shares of NASDAQ:NTRP opened at $1.42 on Monday. NextTrip has a 52 week low of $0.90 and a 52 week high of $5.20. The company has a 50-day moving average price of $1.63 and a 200 day moving average price of $2.26. The company has a market cap of $21.43 million, a P/E ratio of -1.01 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 (NASDAQ:NTRP) last issued its earnings results on Wednesday, July 15th. The company reported ($0.22) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.22). NextTrip had a negative return on equity of 246.48% and a negative net margin of 289.92%. Research analysts predict that NextTrip will post -0.98 earnings per share for the current year.

Insider Buying and Selling at NextTrip

In related news, Director David T. Jiang acquired 18,200 shares of NextTrip stock in a transaction dated Thursday, June 18th. The shares were acquired at an average cost of $2.75 per share, for a total transaction of $50,050.00. Following the completion of the transaction, the director directly owned 1,582,157 shares of the company’s stock, valued at $4,350,931.75. The trade was a 1.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 40.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NextTrip

An institutional investor recently raised its position in NextTrip stock. Geode Capital Management LLC boosted its position in NextTrip, Inc. (NASDAQ:NTRP) by 21.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 39,852 shares of the company’s stock after acquiring an additional 7,086 shares during the period. Geode Capital Management LLC owned about 0.29% of NextTrip worth $129,000 at the end of the most recent reporting period. 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.