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

NextTrip (NASDAQ:NTRP) posted its quarterly 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 net margin of 289.92% and a negative return on equity of 246.48%.

NextTrip Trading Down 2.3%

Shares of NASDAQ NTRP traded down $0.04 during midday trading on Thursday, reaching $1.67. 57,668 shares of the stock were exchanged, compared to its average volume of 106,138. The stock has a market capitalization of $25.20 million, a P/E ratio of -1.18 and a beta of 0.97. 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 company has a 50 day simple moving average of $1.63 and a 200 day simple moving average of $2.11. NextTrip has a twelve month low of $0.90 and a twelve month high of $5.20.

Insider Buying and Selling

In other NextTrip news, Director Andrew Kaplan acquired 52,910 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The shares were purchased at an average cost 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 of the company’s stock, valued at approximately $197,489.88. The trade was a 102.57% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 40.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of NextTrip in a research note on Tuesday, September 1st. Ascendiant Capital Markets raised their target price on NextTrip from $7.50 to $7.75 and gave the stock a “buy” rating in a research note on Monday, September 14th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $7.75.

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.