NextTrip (NASDAQ:NTRP) Issues Quarterly Earnings Results, Misses Expectations By $0.11 EPS

NextTrip (NASDAQ:NTRP) released its earnings results on Thursday. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.11), FiscalAI reports. NextTrip had a negative return on equity of 246.48% and a negative net margin of 289.92%.

NextTrip Stock Down 2.3%

NASDAQ NTRP traded down $0.04 during mid-day trading on Thursday, hitting $1.67. The company’s stock had a trading volume of 57,681 shares, compared to its average volume of 106,138. The company’s 50 day simple moving average is $1.63 and its 200 day simple moving average is $2.11. NextTrip has a twelve month low of $0.90 and a twelve month high of $5.20. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $25.20 million, a price-to-earnings ratio of -1.18 and a beta of 0.97.

Insiders Place Their Bets

In other NextTrip news, Director Andrew Kaplan acquired 52,910 shares of the stock in a transaction on Thursday, September 17th. The shares were purchased at an average price of $1.89 per share, for a total transaction of $99,999.90. Following the completion of the acquisition, the director owned 104,492 shares in the company, valued at approximately $197,489.88. This represents a 102.57% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 40.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on NTRP shares. Ascendiant Capital Markets boosted their price target on NextTrip from $7.50 to $7.75 and gave the company a “buy” rating in a research note on Monday, September 14th. Weiss Ratings restated a “sell (e+)” rating on shares of NextTrip in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $7.75.

About NextTrip

NextTrip, Inc is a travel technology company that provides online booking services for leisure and business travelers. Through its digital platform, the company helps customers search for and reserve accommodations, flights, rental cars, vacation packages and other travel-related services.

In addition to individual travel bookings, NextTrip offers services for group travel, meetings and events. Its business model combines direct-to-consumer offerings with relationships involving travel suppliers and distribution partners, allowing customers to organize multiple components of a trip through a single platform.

NextTrip primarily serves travelers in the United States through its online channels and the NextTrip brand.