NextTrip (NASDAQ:NTRP) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

NextTrip, Inc. (NASDAQ:NTRP) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.62 and traded as low as $1.6250. NextTrip shares last traded at $1.63, with a volume of 12,789 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Weiss Ratings downgraded shares of NextTrip from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 4th. Ascendiant Capital Markets upped their price target on NextTrip from $7.00 to $7.50 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, NextTrip presently has an average rating of “Hold” and a consensus price target of $7.50.

NextTrip Trading Down 0.6%

The stock has a market cap of $24.17 million, a PE ratio of -1.15 and a beta of 1.02. The firm has a 50-day moving average price of $2.05 and a 200-day moving average price of $2.62. 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 announced its quarterly earnings data on Wednesday, July 15th. The company reported ($0.22) EPS for the quarter, meeting the consensus estimate of ($0.22). The company had revenue of $1.45 million for the quarter, compared to the consensus estimate of $1.38 million. NextTrip had a negative net margin of 289.92% and a negative return on equity of 246.48%. As a group, equities analysts anticipate that NextTrip, Inc. will post -0.98 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Andrew Jay Kaplan acquired 18,182 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average cost of $2.75 per share, for a total transaction of $50,000.50. Following the acquisition, the director directly owned 51,582 shares in the company, valued at approximately $141,850.50. The trade was a 54.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David T. Jiang acquired 18,200 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was acquired at an average cost of $2.75 per share, for a total transaction of $50,050.00. Following the completion of the transaction, the director directly owned 1,582,157 shares in the company, valued at $4,350,931.75. This represents a 1.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 44.50% of the company’s stock.

Institutional Trading of NextTrip

An institutional investor recently raised its stake in NextTrip stock. Geode Capital Management LLC lifted its holdings 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 fund owned 39,852 shares of the company’s stock after purchasing an additional 7,086 shares during the quarter. Geode Capital Management LLC owned 0.29% of NextTrip worth $129,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 3.81% of the stock is currently owned by institutional investors and hedge funds.

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.