NextTrip (NTRP) Set to Announce Quarterly Earnings on Thursday

NextTrip (NASDAQ:NTRP) is expected to issue its results before the market opens on Thursday, October 15th. Analysts expect the company to announce earnings of ($0.14) per share and revenue of $1.79 million for the quarter.

NextTrip (NASDAQ:NTRP) last released its earnings results on Wednesday, July 15th. The company reported ($0.22) EPS for the quarter, meeting analysts’ consensus estimates of ($0.22). NextTrip had a negative return on equity of 246.48% and a negative net margin of 289.92%. On average, analysts expect NextTrip to post ($0.98) EPS for the current fiscal year and ($1.00) EPS for the next fiscal year.

NextTrip Trading Down 9.2%

Shares of NASDAQ NTRP opened at $1.88 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.61 and a current ratio of 0.61. The business’s 50 day moving average price is $1.63 and its 200-day moving average price is $2.12. NextTrip has a fifty-two week low of $0.90 and a fifty-two week high of $5.20. The company has a market cap of $28.36 million, a price-to-earnings ratio of -1.33 and a beta of 0.97.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NTRP. Weiss Ratings restated a “sell (e+)” rating on shares of NextTrip in a report on Tuesday, September 1st. Ascendiant Capital Markets upped their price objective on NextTrip from $7.50 to $7.75 and gave the company a “buy” rating in a research report on Monday, September 14th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.75.

Insider Buying and Selling

In related news, Director Andrew Kaplan purchased 52,910 shares of NextTrip stock in a transaction that occurred on Thursday, September 17th. The shares were bought at an average price of $1.89 per share, with a total value of $99,999.90. Following the purchase, the director directly owned 104,492 shares of the company’s stock, valued at approximately $197,489.88. This represents a 102.57% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 40.00% of the stock is owned by corporate insiders.

NextTrip Company Profile

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.