NextTrip (NASDAQ:NTRP) Earns Buy Rating from Analysts at Ascendiant Capital Markets

Ascendiant Capital Markets began coverage on shares of NextTrip (NASDAQ:NTRP) in a research report released on Monday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $7.00 price objective on the stock.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NextTrip in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.00.

NextTrip Price Performance

Shares of NASDAQ NTRP opened at $3.05 on Monday. NextTrip has a twelve month low of $1.50 and a twelve month high of $6.48. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $41.69 million, a price-to-earnings ratio of -2.13 and a beta of 1.45. The firm has a 50-day moving average of $3.18 and a two-hundred day moving average of $3.57.

NextTrip (NASDAQ:NTRP) last announced its quarterly earnings data 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%. As a group, analysts expect that NextTrip will post -0.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NextTrip

A number of large investors have recently made changes to their positions in the company. Kera Capital Partners Inc. acquired a new position in NextTrip in the 3rd quarter worth approximately $33,000. Geode Capital Management LLC raised its stake in NextTrip by 21.6% during the 4th quarter. Geode Capital Management LLC now owns 39,852 shares of the company’s stock valued at $129,000 after purchasing an additional 7,086 shares during the period. Finally, Armistice Capital LLC purchased a new stake in shares of NextTrip in the fourth quarter valued at $3,230,000. Institutional investors and hedge funds 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.