NextTrip (NASDAQ:NTRP) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

NextTrip, Inc. (NASDAQ:NTRP) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $3.14 and traded as low as $2.90. NextTrip shares last traded at $3.00, with a volume of 56,882 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NTRP shares. Ascendiant Capital Markets started coverage on NextTrip in a report on Monday, March 2nd. They issued a “buy” rating and a $7.00 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of NextTrip in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $7.00.

NextTrip Price Performance

The stock has a market capitalization of $40.33 million, a P/E ratio of -2.06 and a beta of 1.45. The business’s 50 day simple moving average is $3.13 and its two-hundred day simple moving average is $3.55. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.02.

NextTrip (NASDAQ:NTRP) last announced its quarterly earnings results on Wednesday, January 14th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21). NextTrip had a negative return on equity of 230.71% and a negative net margin of 698.51%. As a group, sell-side analysts forecast that NextTrip, Inc. will post -0.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kera Capital Partners Inc. bought a new position in NextTrip in the 3rd quarter valued at $33,000. Geode Capital Management LLC raised its stake in shares of NextTrip by 21.6% during the 4th quarter. Geode Capital Management LLC now owns 39,852 shares of the company’s stock worth $129,000 after purchasing an additional 7,086 shares during the period. Finally, Armistice Capital LLC bought a new stake in shares of NextTrip during the 4th quarter worth $3,230,000. 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.