NextTrip (NASDAQ:NTRP) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS

NextTrip (NASDAQ:NTRP) released its quarterly earnings results on Wednesday. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06), Zacks reports. The firm had revenue of $1.45 million for the quarter, compared to analyst estimates of $1.30 million. NextTrip had a negative net margin of 428.20% and a negative return on equity of 249.26%.

NextTrip Stock Up 1.5%

Shares of NextTrip stock opened at $2.04 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.02. NextTrip has a 12 month low of $1.80 and a 12 month high of $5.20. The business has a fifty day simple moving average of $2.22 and a 200 day simple moving average of $2.75. The stock has a market cap of $29.56 million, a PE ratio of -1.09 and a beta of 1.02.

Analysts Set New Price Targets

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

Insider Activity

In related news, Director David T. Jiang bought 18,200 shares of NextTrip stock in a transaction on Thursday, June 18th. The shares were purchased at an average price of $2.75 per share, for a total transaction of $50,050.00. Following the completion of the acquisition, the director owned 1,582,157 shares in the company, valued at approximately $4,350,931.75. This represents a 1.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew Jay Kaplan bought 18,182 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were bought at an average price of $2.75 per share, with a total value of $50,000.50. Following the completion of the transaction, the director directly owned 51,582 shares in the company, valued at approximately $141,850.50. This trade represents a 54.44% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 44.50% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its position in NextTrip stock. Geode Capital Management LLC grew its position in NextTrip, Inc. (NASDAQ:NTRP) by 21.6% during the 4th quarter, according to the company in its most recent disclosure 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. 3.81% of the stock is owned by institutional investors and hedge funds.

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.