Insider Buying: NextTrip (NASDAQ:NTRP) Director Acquires $99,999.90 in Stock

NextTrip, Inc. (NASDAQ:NTRP) Director Andrew Jay Kaplan bought 52,910 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The stock was bought at an average price of $1.89 per share, with a total value of $99,999.90. Following the completion of the acquisition, the director owned 104,492 shares of the company’s stock, valued at $197,489.88. This trade represents a 102.57% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

NextTrip Price Performance

Shares of NASDAQ NTRP opened at $1.93 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market cap of $29.12 million, a price-to-earnings ratio of -1.37 and a beta of 1.03. The stock’s 50-day moving average is $1.59 and its two-hundred day moving average is $2.19. NextTrip, Inc. has a 1-year low of $0.90 and a 1-year high of $5.20.

NextTrip (NASDAQ:NTRP) last announced its quarterly earnings data on Wednesday, July 15th. The company reported ($0.22) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.22). NextTrip had a negative return on equity of 246.48% and a negative net margin of 289.92%. Analysts forecast that NextTrip, Inc. will post -0.98 EPS for the current fiscal year.

Analyst Ratings Changes

NTRP has been the subject of several analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of NextTrip in a report on Tuesday, September 1st. Ascendiant Capital Markets raised their price objective on shares of NextTrip from $7.50 to $7.75 and gave the company a “buy” rating in a report on Monday, September 14th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.75.

NextTrip Company Profile

NextTrip, Inc (NASDAQ:NTRP) is a travel technology and online travel company that provides booking services for leisure and business travelers. Through its digital platform, the company offers access to accommodations, air travel, vacation packages, cruises, car rentals and other travel-related products and services.

NextTrip also develops business-to-business travel solutions designed to help travel agencies, corporate partners and other organizations market and sell travel products. Its technology and booking capabilities are intended to support direct-to-consumer transactions as well as partner and private-label distribution channels.

The company serves customers seeking travel within the United States and to international destinations through its online offerings.