NextTrip (NASDAQ:NTRP) Stock Passes Below 200-Day Moving Average – Here’s What Happened

NextTrip, Inc. (NASDAQ:NTRP)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.62 and traded as low as $1.6250. NextTrip shares last traded at $1.63, with a volume of 12,789 shares.

Analyst Upgrades and Downgrades

NTRP has been the topic of several recent research reports. Weiss Ratings lowered shares of NextTrip from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 4th. Ascendiant Capital Markets lifted their price objective on NextTrip from $7.00 to $7.50 and gave the company a “buy” rating in a research note on Wednesday, June 10th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, NextTrip has an average rating of “Hold” and an average target price of $7.50.

NextTrip Price Performance

The company has a market capitalization of $24.32 million, a price-to-earnings ratio of -1.16 and a beta of 1.02. The stock has a fifty day simple moving average of $2.07 and a 200-day simple moving average of $2.62. 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 released its quarterly earnings data on Wednesday, July 15th. The company reported ($0.22) EPS for the quarter, hitting the consensus estimate of ($0.22). The business had revenue of $1.45 million for the quarter, compared to analyst estimates of $1.38 million. NextTrip had a negative return on equity of 246.48% and a negative net margin of 289.92%. On average, equities research analysts anticipate that NextTrip, Inc. will post -0.98 EPS for the current year.

Insider Buying and Selling at NextTrip

In other news, Director Andrew Jay Kaplan purchased 18,182 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average cost of $2.75 per share, with a total value of $50,000.50. Following the completion of the acquisition, the director owned 51,582 shares of the company’s stock, valued at approximately $141,850.50. This represents a 54.44% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David T. Jiang purchased 18,200 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were 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 $4,350,931.75. This represents a 1.16% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 44.50% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in NextTrip stock. Armistice Capital LLC bought a new position in shares of NextTrip, Inc. (NASDAQ:NTRP) during the 4th quarter, according to its most recent Form 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 approximately 7.32% of NextTrip as of its most recent SEC filing. 3.81% of the stock is currently owned by hedge funds and other institutional investors.

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.