NextTrip, Inc. (NASDAQ:NTRP) Short Interest Update

NextTrip, Inc. (NASDAQ:NTRP) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 89,168 shares, a decrease of 37.6% from the December 15th total of 142,808 shares. Based on an average daily trading volume, of 65,775 shares, the short-interest ratio is currently 1.4 days. Approximately 1.2% of the company’s shares are short sold. Approximately 1.2% of the company’s shares are short sold. Based on an average daily trading volume, of 65,775 shares, the short-interest ratio is currently 1.4 days.

NextTrip Trading Up 15.0%

Shares of NTRP stock traded up $0.43 during trading hours on Friday, reaching $3.30. The company’s stock had a trading volume of 120,979 shares, compared to its average volume of 76,354. The company has a current ratio of 0.85, a quick ratio of 0.70 and a debt-to-equity ratio of 0.02. NextTrip has a one year low of $1.50 and a one year high of $7.78. The stock has a market capitalization of $45.11 million, a P/E ratio of -2.34 and a beta of 1.42. The firm’s fifty day simple moving average is $3.71 and its 200 day simple moving average is $3.77.

NextTrip (NASDAQ:NTRP) last announced its earnings results on Wednesday, January 14th. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). The business had revenue of $1.20 million for the quarter, compared to the consensus estimate of $2.52 million. NextTrip had a negative net margin of 698.51% and a negative return on equity of 230.71%. Equities research analysts expect that NextTrip will post -0.78 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of NextTrip in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $5.00.

Insider Activity

In related news, Director Andrew Jay Kaplan acquired 33,400 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were purchased at an average price of $3.00 per share, for a total transaction of $100,200.00. Following the completion of the acquisition, the director owned 108,400 shares in the company, valued at approximately $325,200. This represents a 44.53% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 44.50% of the company’s stock.

Hedge Funds Weigh In On NextTrip

An institutional investor recently bought a new position in NextTrip stock. Kera Capital Partners Inc. purchased a new position in NextTrip, Inc. (NASDAQ:NTRP) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $33,000. Kera Capital Partners Inc. owned approximately 0.12% of NextTrip at the end of the most recent reporting period. Hedge funds and other institutional investors 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.