NextTrip (NASDAQ:NTRP) Director David Jiang Acquires 18,200 Shares

NextTrip, Inc. (NASDAQ:NTRP) Director David Jiang acquired 18,200 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was purchased at an average cost of $2.75 per share, for a total transaction of $50,050.00. Following the completion of the acquisition, the director directly owned 1,582,157 shares of the company’s stock, valued at approximately $4,350,931.75. This trade represents a 1.16% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

NextTrip Stock Performance

Shares of NTRP stock traded down $0.02 during trading hours on Monday, hitting $2.05. The company’s stock had a trading volume of 143,314 shares, compared to its average volume of 67,514. The stock has a market cap of $29.70 million, a PE ratio of -1.10 and a beta of 1.03. NextTrip, Inc. has a 12-month low of $1.80 and a 12-month high of $5.20. The company has a 50 day moving average of $2.49 and a 200 day moving average of $2.97. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.02.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Weiss Ratings lowered NextTrip from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 4th. Zacks Research upgraded NextTrip to a “hold” rating in a research report on Tuesday, March 17th. Finally, Ascendiant Capital Markets lifted 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 research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.50.

Institutional Trading of NextTrip

An institutional investor recently raised its stake in NextTrip stock. Geode Capital Management LLC raised its stake in NextTrip, Inc. (NASDAQ:NTRP) by 21.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,852 shares of the company’s stock after purchasing an additional 7,086 shares during the period. Geode Capital Management LLC owned about 0.29% of NextTrip worth $129,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors 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.