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

NextTrip, Inc. (NASDAQ:NTRP)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. 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 lifted their price objective 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 equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $7.50.

NextTrip Stock Up 1.8%

The company has a market capitalization of $24.92 million, a price-to-earnings ratio of -1.18 and a beta of 1.05. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of $2.00 and a 200-day moving average price of $2.56.

NextTrip (NASDAQ:NTRP) last released its quarterly earnings results on Wednesday, July 15th. The company reported ($0.22) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.22). NextTrip had a negative return on equity of 246.48% and a negative net margin of 289.92%. As a group, equities analysts anticipate that NextTrip, Inc. will post -0.98 earnings per share for the current fiscal year.

Insider Activity at NextTrip

In other news, Director David T. Jiang bought 18,200 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was bought 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 in the company, valued at $4,350,931.75. This represents a 1.16% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 44.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NextTrip

A hedge fund recently raised its stake in NextTrip stock. Geode Capital Management LLC increased its position in NextTrip, Inc. (NASDAQ:NTRP) by 21.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 at the end of the most recent reporting period. 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.