NextTrip (NASDAQ:NTRP) Releases Earnings Results, Misses Estimates By $0.27 EPS

NextTrip (NASDAQ:NTRP) issued its quarterly earnings results on Friday. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.27), Zacks reports. NextTrip had a negative net margin of 698.51% and a negative return on equity of 230.71%.

NextTrip Stock Up 3.8%

Shares of NTRP traded up $0.08 during trading hours on Friday, hitting $2.21. 20,387 shares of the company were exchanged, compared to its average volume of 66,330. The company has a market cap of $32.02 million, a PE ratio of -1.55 and a beta of 1.09. The firm’s 50 day moving average is $2.73 and its 200-day moving average is $3.17. NextTrip has a 52 week low of $1.72 and a 52 week high of $5.20. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 0.85.

Insider Activity

In related news, Director Andrew Jay Kaplan purchased 18,182 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was bought at an average price of $2.75 per share, for a total transaction of $50,000.50. Following the purchase, the director owned 51,582 shares in the company, valued at $141,850.50. The trade was a 54.44% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 44.50% of the company’s stock.

Institutional Trading of NextTrip

A hedge fund recently bought a new stake in NextTrip stock. Armistice Capital LLC bought a new stake in shares of NextTrip, Inc. (NASDAQ:NTRP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,000,000 shares of the company’s stock, valued at approximately $3,230,000. Armistice Capital LLC owned 7.32% of NextTrip as of its most recent SEC filing. Institutional investors own 3.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NextTrip in a research report on Friday, March 27th. Zacks Research raised NextTrip to a “hold” rating in a research report on Tuesday, March 17th. Finally, Ascendiant Capital Markets assumed coverage on NextTrip in a research report on Monday, March 2nd. They issued a “buy” rating and a $7.00 target price on the stock. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.00.

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.