NextTrip (NASDAQ:NTRP) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

NextTrip, Inc. (NASDAQ:NTRP) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.56 and traded as low as $1.59. NextTrip shares last traded at $1.67, with a volume of 41,320 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NTRP shares. Weiss Ratings cut NextTrip from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 4th. Ascendiant Capital Markets increased their target price on NextTrip from $7.00 to $7.50 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.50.

NextTrip Trading Up 1.8%

The stock has a market cap of $24.92 million, a price-to-earnings ratio of -1.18 and a beta of 1.05. The business has a 50-day simple moving average of $2.00 and a two-hundred day simple moving average of $2.56. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.61 and a current ratio of 0.61.

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

Insider Transactions at NextTrip

In other NextTrip news, Director David T. Jiang purchased 18,200 shares of the stock in a transaction on Thursday, June 18th. The shares were purchased at an average cost of $2.75 per share, for a total transaction of $50,050.00. Following the purchase, the director owned 1,582,157 shares of the company’s stock, valued at approximately $4,350,931.75. This represents a 1.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 44.50% of the company’s stock.

Hedge Funds Weigh In On NextTrip

An institutional investor recently raised its stake in NextTrip stock. Geode Capital Management LLC lifted its stake in NextTrip, Inc. (NASDAQ:NTRP) by 21.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,852 shares of the company’s stock after acquiring an additional 7,086 shares during the quarter. Geode Capital Management LLC owned approximately 0.29% of NextTrip worth $129,000 as of its most recent SEC filing. Institutional investors and hedge funds own 3.81% of the company’s stock.

About NextTrip

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.