NextTrip (NASDAQ:NTRP) Issues Quarterly Earnings Results, Misses Expectations By $0.21 EPS

NextTrip (NASDAQ:NTRP) issued its quarterly earnings data on Wednesday. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21), Zacks reports. NextTrip had a negative net margin of 1,323.22% and a negative return on equity of 298.91%.

NextTrip Price Performance

Shares of NASDAQ:NTRP traded down $0.01 during midday trading on Wednesday, hitting $3.25. The stock had a trading volume of 459,710 shares, compared to its average volume of 47,330. The company’s 50-day moving average price is $3.78 and its 200-day moving average price is $3.77. NextTrip has a fifty-two week low of $1.50 and a fifty-two week high of $7.78. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $44.28 million, a P/E ratio of -2.30 and a beta of 1.42.

Insider Transactions at NextTrip

In other NextTrip news, Director Andrew Jay Kaplan bought 33,400 shares of the stock in a transaction on Tuesday, November 4th. The stock was purchased at an average price of $3.00 per share, with a total value of $100,200.00. Following the completion of the purchase, the director owned 108,400 shares in the company, valued at $325,200. The trade was a 44.53% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 44.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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 Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, NextTrip presently has a consensus rating of “Reduce” and an average price target of $5.00.

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.