NextTrip (NASDAQ:NTRP) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of NextTrip, Inc. (NASDAQ:NTRP) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.56 and traded as low as $1.59. NextTrip shares last traded at $1.67, with a volume of 41,320 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NTRP. Weiss Ratings cut NextTrip from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 4th. Ascendiant Capital Markets raised their target price on shares of NextTrip from $7.00 to $7.50 and gave the company a “buy” rating in a research note on Wednesday, June 10th. One investment 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’s stock. According to MarketBeat, NextTrip currently has an average rating of “Hold” and a consensus price target of $7.50.

NextTrip Stock Performance

The stock has a market capitalization of $24.92 million, a P/E ratio of -1.18 and a beta of 1.05. The stock’s 50-day simple moving average is $2.00 and its 200 day simple moving average is $2.56. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.61 and a quick ratio of 0.61.

NextTrip (NASDAQ:NTRP) last issued its quarterly earnings data on Wednesday, July 15th. The company reported ($0.22) earnings per share for the quarter, meeting 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 fiscal year.

Insider Buying and Selling

In related news, Director David T. Jiang purchased 18,200 shares of the stock in a transaction on Thursday, June 18th. The shares were purchased at an average cost of $2.75 per share, with a total value of $50,050.00. Following the acquisition, the director directly owned 1,582,157 shares in the company, valued at $4,350,931.75. The trade was a 1.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 44.50% of the company’s stock.

Institutional Investors Weigh In On NextTrip

An institutional investor recently bought a new stake in NextTrip stock. Armistice Capital LLC bought a new stake in NextTrip, Inc. (NASDAQ:NTRP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,000,000 shares of the company’s stock, valued at approximately $3,230,000. Armistice Capital LLC owned about 7.32% of NextTrip at the end of the most recent quarter. 3.81% of the stock is currently owned by institutional investors and hedge funds.

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.