David Jiang Acquires 18,200 Shares of NextTrip (NASDAQ:NTRP) Stock

NextTrip, Inc. (NASDAQ:NTRP) Director David Jiang acquired 18,200 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was bought at an average price of $2.75 per share, with a total value 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 trade represents a 1.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NextTrip Stock Down 2.4%

Shares of NTRP opened at $2.00 on Wednesday. The stock’s 50-day moving average price is $2.45 and its two-hundred day moving average price is $2.95. NextTrip, Inc. has a 12 month low of $1.80 and a 12 month high of $5.20. The company has a market capitalization of $28.98 million, a PE ratio of -1.07 and a beta of 1.03. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.02.

Institutional Investors Weigh In On NextTrip

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

Wall Street Analysts Forecast Growth

NTRP has been the topic of several analyst reports. Zacks Research upgraded NextTrip to a “hold” rating in a report on Tuesday, March 17th. Ascendiant Capital Markets boosted their price target on shares of NextTrip from $7.00 to $7.50 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Finally, Weiss Ratings lowered shares of NextTrip from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 4th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.50.

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.