NextTrip (NASDAQ:NTRP) Director Acquires 52,910 Shares of Stock

NextTrip, Inc. (NASDAQ:NTRP) Director Andrew Jay Kaplan acquired 52,910 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The stock was purchased at an average price of $1.89 per share, with a total value of $99,999.90. Following the completion of the acquisition, the director directly owned 104,492 shares of the company’s stock, valued at $197,489.88. This represents a 102.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

NextTrip Price Performance

NASDAQ:NTRP opened at $1.94 on Wednesday. NextTrip, Inc. has a one year low of $0.90 and a one year high of $5.20. The firm has a market cap of $29.27 million, a price-to-earnings ratio of -1.38 and a beta of 1.03. The firm’s fifty day moving average is $1.59 and its two-hundred day moving average is $2.21. 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 released its quarterly earnings results on Wednesday, July 15th. The company reported ($0.22) earnings per share for the quarter, hitting the consensus estimate of ($0.22). NextTrip had a negative net margin of 289.92% and a negative return on equity of 246.48%. Research analysts expect that NextTrip, Inc. will post -0.98 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NTRP shares. Ascendiant Capital Markets increased their target price on shares of NextTrip from $7.50 to $7.75 and gave the stock a “buy” rating in a research note on Monday, September 14th. Weiss Ratings restated a “sell (e+)” rating on shares of NextTrip in a report on Tuesday, September 1st. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, NextTrip presently has a consensus rating of “Hold” and a consensus target price of $7.75.

About NextTrip

NextTrip, Inc (NASDAQ:NTRP) is a travel technology and online travel company that provides booking services for leisure and business travelers. Through its digital platform, the company offers access to accommodations, air travel, vacation packages, cruises, car rentals and other travel-related products and services.

NextTrip also develops business-to-business travel solutions designed to help travel agencies, corporate partners and other organizations market and sell travel products. Its technology and booking capabilities are intended to support direct-to-consumer transactions as well as partner and private-label distribution channels.

The company serves customers seeking travel within the United States and to international destinations through its online offerings.