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

NextTrip, Inc. (NASDAQ:NTRP) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.29 and traded as low as $2.35. NextTrip shares last traded at $2.41, with a volume of 18,616 shares changing hands.

Analyst Ratings Changes

Several analysts have commented on the company. Ascendiant Capital Markets assumed coverage on NextTrip in a research note on Monday, March 2nd. They set a “buy” rating and a $7.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NextTrip in a research note on Friday, March 27th. Finally, Zacks Research raised NextTrip to a “hold” rating in a research note on Tuesday, March 17th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, NextTrip currently has a consensus rating of “Hold” and a consensus price target of $7.00.

NextTrip Trading Down 0.4%

The firm has a market capitalization of $32.94 million, a PE ratio of -1.69 and a beta of 1.09. The business has a 50 day moving average price of $2.83 and a 200-day moving average price of $3.29. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.02.

Insider Activity

In other NextTrip news, Director Andrew Jay Kaplan bought 18,182 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was acquired at an average cost of $2.75 per share, with a total value of $50,000.50. Following the purchase, the director owned 51,582 shares in the company, 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 SEC, which is accessible through the SEC website. Company insiders own 44.50% of the company’s stock.

Hedge Funds Weigh In On NextTrip

An institutional investor recently raised its position in NextTrip stock. Geode Capital Management LLC lifted its holdings in shares of NextTrip, Inc. (NASDAQ:NTRP) by 21.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,852 shares of the company’s stock after buying 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 currently owned by 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.