Ascendiant Capital Markets Weighs in on NextTrip Q1 Earnings

NextTrip, Inc. (NASDAQ:NTRP) – Equities research analysts at Ascendiant Capital Markets issued their Q1 2028 EPS estimates for shares of NextTrip in a research note issued to investors on Tuesday, June 9th. Ascendiant Capital Markets analyst E. Woo forecasts that the company will earn ($0.22) per share for the quarter. Ascendiant Capital Markets currently has a “Buy” rating and a $7.50 target price on the stock. The consensus estimate for NextTrip’s current full-year earnings is ($0.42) per share. Ascendiant Capital Markets also issued estimates for NextTrip’s Q2 2028 earnings at ($0.23) EPS, Q3 2028 earnings at ($0.20) EPS, Q4 2028 earnings at ($0.34) EPS and FY2028 earnings at ($1.00) EPS.

A number of other research firms have also issued reports on NTRP. Weiss Ratings lowered NextTrip from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 4th. Zacks Research upgraded NextTrip to a “hold” rating in a research report on Tuesday, March 17th. One research 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.50.

NextTrip Stock Down 0.4%

Shares of NextTrip stock opened at $2.23 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.02. The business’s 50 day simple moving average is $2.67 and its 200-day simple moving average is $3.04. The stock has a market capitalization of $32.31 million, a price-to-earnings ratio of -1.19 and a beta of 1.03. NextTrip has a twelve month low of $2.04 and a twelve month high of $5.20.

Insider Activity

In related news, Director Andrew Jay Kaplan acquired 18,182 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was acquired at an average cost of $2.75 per share, for a total transaction of $50,000.50. Following the completion of the acquisition, the director directly owned 51,582 shares of the company’s stock, valued at approximately $141,850.50. The trade was a 54.44% increase in their position. The transaction 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.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NextTrip stock. Geode Capital Management LLC increased its stake in NextTrip, Inc. (NASDAQ:NTRP) by 21.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,852 shares of the company’s stock after acquiring an additional 7,086 shares during the period. Geode Capital Management LLC owned approximately 0.29% of NextTrip worth $129,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.