NextTrip (NASDAQ:NTRP) Posts Earnings Results, Misses Estimates By $0.27 EPS

NextTrip (NASDAQ:NTRP) announced its quarterly earnings data on Friday. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.27), Zacks reports. NextTrip had a negative net margin of 698.51% and a negative return on equity of 230.71%.

NextTrip Price Performance

NASDAQ:NTRP traded up $0.08 during mid-day trading on Friday, hitting $2.21. The company’s stock had a trading volume of 20,379 shares, compared to its average volume of 66,330. NextTrip has a fifty-two week low of $1.72 and a fifty-two week high of $5.20. 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 $32.02 million, a price-to-earnings ratio of -1.55 and a beta of 1.09. The stock has a fifty day moving average of $2.73 and a 200-day moving average of $3.17.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Ascendiant Capital Markets assumed coverage on shares of NextTrip in a research report on Monday, March 2nd. They set a “buy” rating and a $7.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NextTrip in a research report on Friday, March 27th. Finally, Zacks Research raised shares of NextTrip to a “hold” rating in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, NextTrip has a consensus rating of “Hold” and an average target price of $7.00.

Insider Transactions at NextTrip

In other NextTrip news, Director Andrew Jay Kaplan purchased 18,182 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average price of $2.75 per share, with a total value of $50,000.50. Following the completion of the transaction, the director directly owned 51,582 shares of the company’s stock, valued at approximately $141,850.50. This trade represents a 54.44% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 44.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in NextTrip stock. Armistice Capital LLC purchased a new position in NextTrip, Inc. (NASDAQ:NTRP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,000,000 shares of the company’s stock, valued at approximately $3,230,000. Armistice Capital LLC owned approximately 7.32% of NextTrip 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.