NextTrip (NASDAQ:NTRP) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of NextTrip, Inc. (NASDAQ:NTRP) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.70 and traded as low as $1.85. NextTrip shares last traded at $1.92, with a volume of 169,337 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Weiss Ratings cut shares of NextTrip from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 4th. Ascendiant Capital Markets boosted their price target on shares of NextTrip from $7.00 to $7.50 and gave the company a “buy” rating in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $7.50.

NextTrip Price Performance

The stock has a fifty day moving average price of $2.14 and a 200-day moving average price of $2.69. The firm has a market capitalization of $26.11 million, a PE ratio of -1.24 and a beta of 1.02. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.61 and a current ratio of 0.61.

NextTrip (NASDAQ:NTRP) last issued its quarterly earnings data on Wednesday, July 15th. The company reported ($0.22) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.22). NextTrip had a negative return on equity of 246.48% and a negative net margin of 289.92%.The firm had revenue of $1.45 million during the quarter, compared to analysts’ expectations of $1.38 million. Sell-side analysts forecast that NextTrip, Inc. will post -0.98 EPS for the current fiscal year.

Insider Transactions at NextTrip

In other news, Director David T. Jiang acquired 18,200 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were purchased at an average price of $2.75 per share, with a total value of $50,050.00. Following the transaction, the director directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew Jay Kaplan acquired 18,182 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was purchased at an average cost of $2.75 per share, for a total transaction of $50,000.50. Following the transaction, the director owned 51,582 shares in the company, valued at approximately $141,850.50. The trade was a 54.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 44.50% of the company’s stock.

Institutional Investors Weigh In On NextTrip

An institutional investor 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 its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,852 shares of the company’s stock after purchasing an additional 7,086 shares during the quarter. 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 hedge funds and other institutional investors.

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.