NextTrip (NASDAQ:NTRP) Announces Quarterly Earnings Results

NextTrip (NASDAQ:NTRP) announced its earnings results on Thursday. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.11), FiscalAI reports. NextTrip had a negative return on equity of 246.48% and a negative net margin of 289.92%.

NextTrip Trading Down 2.3%

NTRP traded down $0.04 during mid-day trading on Thursday, hitting $1.67. 57,668 shares of the stock were exchanged, compared to its average volume of 106,138. The firm’s fifty day moving average is $1.63 and its two-hundred day moving average is $2.11. NextTrip has a 1-year low of $0.90 and a 1-year high of $5.20. The company has a market cap of $25.20 million, a PE ratio of -1.18 and a beta of 0.97. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.02.

Insiders Place Their Bets

In other news, Director Andrew Kaplan bought 52,910 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was bought at an average cost of $1.89 per share, with a total value of $99,999.90. Following the transaction, the director directly owned 104,492 shares in the company, valued at $197,489.88. The trade was a 102.57% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 40.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NTRP. Weiss Ratings reissued a “sell (e+)” rating on shares of NextTrip in a research note on Tuesday, September 1st. Ascendiant Capital Markets increased their price objective on shares of NextTrip from $7.50 to $7.75 and gave the stock a “buy” rating in a research report on Monday, September 14th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $7.75.

About NextTrip

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.