NextTrip (NASDAQ:NTRP) Shares Cross Below 50-Day Moving Average – What’s Next?

Shares of NextTrip, Inc. (NASDAQ:NTRP) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.07 and traded as low as $2.59. NextTrip shares last traded at $2.65, with a volume of 91,547 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NTRP shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NextTrip in a report on Monday, December 29th. Ascendiant Capital Markets initiated coverage on shares of NextTrip in a research note on Monday, March 2nd. They set a “buy” rating and a $7.00 price target for the company. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.00.

NextTrip Price Performance

The company has a 50-day moving average of $3.07 and a 200-day moving average of $3.52. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $36.23 million, a price-to-earnings ratio of -1.85 and a beta of 1.45.

NextTrip (NASDAQ:NTRP) last posted its quarterly earnings data on Wednesday, January 14th. The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates 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, equities research analysts predict that NextTrip, Inc. will post -0.78 earnings per share for the current year.

Institutional Investors Weigh In On NextTrip

Several hedge funds have recently modified their holdings of the stock. Kera Capital Partners Inc. acquired a new position in NextTrip in the 3rd quarter valued at $33,000. Geode Capital Management LLC raised its position in 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 buying an additional 7,086 shares during the last quarter. Finally, Armistice Capital LLC acquired a new stake in shares of NextTrip in the 4th quarter worth $3,230,000. 3.81% of the stock is owned by institutional investors and hedge funds.

About NextTrip

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.